Ashoka Buildcon rises after emerging L1 bidder for Central Railway project

The project involves the construction of earthwork, major and minor bridges, road under bridges (RUBs), permanent way (P. Way) work, and other miscellaneous civil works related to the gauge conversion from Pachora to Jamner (approximately 53.3 km), excluding the Pachora yard and road overbridges. The work is scheduled to be completed within 30 calendar months.

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

The company's consolidated net profit surged 502% to Rs 661.5 crore in Q3 FY25 as against Rs 109.8 crore posted in Q3 FY24. Revenue from operations declined 10% to Rs 2,387.9 crore in Q3 FY25 over Q3 FY24.