Ashoka Buildcon Gets Rs. 1,387 Crore ITMS Order From Maharashtra Government
By Ankur Chandra | Published at: Jun 5, 2025 06:28 PM IST
Nashik, June 5, 2025: Ashoka Buildcon Limited (NSE: ASHOKA) has received Letters of Intent (LOIs) from the Motor Vehicles Department, Government of Maharashtra. The orders have been awarded jointly to Ashoka Buildcon and its subsidiary, Ashoka Purestudy Technologies Pvt. Ltd (APTPL).
The contracts involve the design, implementation, integration, operation, and maintenance of the ITMS infrastructure. Each project is required to be executed over a 15-month implementation timeline, followed by a 10-year operations and maintenance period from the Go-Live date. These projects aim to strengthen road safety and traffic discipline by leveraging digital technologies across vulnerable and high-density corridors.
Project Details and Financial Scope
The company has been awarded projects in the following regions:
| Region | Estimated Project Value (₹ crore, incl. GST) |
|---|---|
| Nagpur | 179.97 |
| Mumbai | 291.49 |
| Pune | 285.23 |
| Konkan & Western Maharashtra | 315.54 |
| Marathwada | 314.96 |
| Total | 1,387.19 |
Ashoka Buildcon has confirmed that:
- The contracts are awarded by a domestic public sector entity.
- There is no promoter group or related party interest in the awarding authority.
- The transactions are not related party transactions and are compliant with SEBI LODR regulations.
Equity Stock Overview of Ashoka Buildcon
Ashoka Buildcon is a mainboard-listed stock in the EQ segment (symbol: ASHOKA), and is not classified as a small-cap or penny stock under the current SEBI categorisation.
As of June 5, 2025, the stock recorded the following trading activity:
- Last Traded Price: ₹219.80
- Day’s High / Low: ₹222.00 / ₹216.00
- Previous Close: ₹215.70
- Traded Volume: 14.74 lakh shares
- Total Market Cap: ₹6,170.30 crore
- 52-Week Range: ₹319.00 (High) / ₹159.34 (Low)
- Free Float Market Cap: ₹2,807.45 crore
The stock is included in the Nifty Total Market index and falls under the civil construction industry classification, with a face value of ₹5.
About Ashoka Builcon Limited
Ashoka Buildcon Ltd, incorporated in 1993 and headquartered in Nashik, is a leading infrastructure development company with diversified operations in roads, power, railways, and smart infrastructure. The company has a consistent track record of project execution and financial discipline.
REF: https://nsearchives.nseindia.com/corporate/ASHOKA_05062025153414_420_ABL_BSE_NSE_Announcement_Vehicles_Dept_MH_050625.pdf
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