Ashoka Buildcon Limited
Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on EPC and BOT basis. It is also involved in the sale of RMC (ready mix concrete).
What Ashoka files
- Updates51
- Others36
- Investor Meet32
- Important29
- New Orders26
- Board Meeting13
Ashoka Buildcon has announced a book closure period for its 33rd Annual General Meeting (AGM). The company's shareholder register will be closed for this purpose. The AGM is scheduled to be held virtually.
Ashoka Buildcon secured new orders: Gems & Jewellery Park (Raipur) for Rs. 112.40 Cr (JV 51%) and a Guyana highway for USD 35.42 million. Its stake in APTPL diluted to 39.33%. The NHAI issue was resolved with a Rs. 1.04 Cr payment. SPV sale timeline extended to September.
Ashoka Buildcon's Q1 FY27 standalone PAT rose 3% to Rs 31.5 Cr despite a revenue dip. New orders include a Gems & Jewellery Park (Rs 112.4 Cr premium) and a Guyana highway (USD 3.54 Cr). The company settled an NHAI issue with a Rs 1.04 Cr payment.
Ashoka Buildcon has extended the timeline for selling its remaining six SPV subsidiaries to investors. This divestment delay is for completing conditions, potentially impacting cash flow expectations from asset monetization.
Ashoka Buildcon incorporated a new SPV, ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED, with a 51% stake. This SPV will develop a Gems & Jewellery Park in Raipur via a Public-Private Partnership model. Initial investment for the stake is Rs. 51,000.