Ashoka Buildcon gains on bagging BMC road project of Rs 1,127 cr

The project includes construction of flyover arm1, arm-2 at T Junction on Sion Panvel Highway, Maharashtra Nagar in M/E ward.

The accepted bid price for the project is Rs 1,126.58 crore and it will be executed within 30 months.

Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads.

The company has reported a standalone net profit of Rs 40.8 crore in Q1 FY25, which is significantly higher as compared with Rs 16.4 crore in Q1 FY24. Total income jumped 22% YoY to Rs 1,900.8 crore during the period under review.