Ashoka Buildcon Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Ashoka Buildcon Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Ashoka Buildcon Ltd.
Rating: 5
Author: ICICI Securities Limited

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Ashoka Buildcon Ltd.

08 Nov 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

BSE India

Please find enclosed herewith the Invite of Earnings call - Q2 & FY2025 of the Company to be held on Wednesday, 13 November 2024 at 2:30 pm IST.

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Ashoka Buildcon Ltd.

05 Nov 2024

203.28

2.42%

Ashoka Buildcon - Lighter Shoulders, Hitting Stride; Upgrade To 'Buy', Says ICICI Securities

NDTV Profit

The company has created a strong brand over the years with stable revenue growth of 15% CAGR over FY1924 to Rs 77 billion, says the brokerage.

Ashoka Buildcon Ltd. is trading above its 50 day SMA of 187.2

Ashoka Buildcon Ltd.

04 Nov 2024

203.28

2.42%

Board Meeting

ASHOKA BUILDCON LTD. - 533271 - Board Meeting Intimation for Notice Of Board Meeting - Regulations …

BSE India

ASHOKA BUILDCON LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2024 ,inter alia, to consider and approve Pursuant to Regulations 29 & 33 of the SEBI (LODR) Regulations, 2015, Notice is hereby given that a meeting of the Board of Directors of Ashoka Buildcon Limited ('the Company') is scheduled to be held on Tuesday, November 12, 2024, inter alia to consider, approve and take on record the Unaudited standalone and consolidated financial results (Limited Review) of the Company for the quarter and half year ended September 30, 2024.

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Ashoka Buildcon Ltd.

04 Nov 2024

203.28

2.42%

Lighter shoulders, hitting stride

Buy: Ashoka Buildcon Ltd.

Recommendation Target

ICICI Securities Limited

Ashoka has entered into an agreement to sell its BOT asset to India Highway Concession Trust – sponsored by CDPQ, a Canadian pension fund. Ashoka shall receive INR 25bn as the deal’s proceeds.

Ashoka Buildcon Ltd. has an average target of 284.00 from 3 brokers.

Ashoka Buildcon Ltd.

01 Nov 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Award of Order Receipt of Order

BSE India

The Company has been declared as the Lowest Bidder (L-1) for the Project Establishment of 400/220 KV Substation at Nandgaon Peth Dist. Amravati along with associated transmission lines under Amravati Zone, MSETCL Maharashtra for Rs.312.13 Crore incl. GST, to be executed within 18 months excluding monsoon period.

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Ashoka Buildcon Ltd.

31 Oct 2024

203.28

2.42%

Ashoka Buildcon enters share purchase agreement, to sell road assets

Business Standard

The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary

Ashoka Buildcon Ltd. has an average target of 284.00 from 3 brokers.

Here's why Ashoka Buildcon shares zoomed 7% on Oct 31; details here

Business Standard | 31 Oct 2024

Ashoka Buildcon Ltd.

30 Oct 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Acquisition

BSE India

This is to inform that the company along with its subsidiaries viz. viva highways ltd (VHL) and ashoka concessions Ltd. has entered into an agreement with Macquarie SBI Infrastructure Investments Pte. ltd. and SBI Macquarie Infrastructure Trust (Investors) to acquire 340000 equity shares from Investors and 7741250 Class A CCDs and 20000000 Class B CCDs at total consideration of Rs.1526 Crore. VHL to acquire 74620000 shares comprising 26% share capital of Jaora-Nayagaon Toll Road company Private at total consideration of Rs.150 Crore. Subject to completion of certain Conditions Precedent.

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Ashoka Buildcon Ltd.

30 Oct 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Intimation Regarding Sale/Disposal Of Stake In Subsidiaries Of Ashoka Concessions …

BSE India

This is to inform that the company along with its subsidiaries, viva highways limited, (VHL) ashoka concessions ltd has entered into an agreement on 30-10-24 with Macquarie SBI Infrastructure investments pte. ltd. and SBI Macquarie infrastructure Trust (Investors) for acquisition of 340000 equity shares from investors and 7741250 Class A CCD and 20000000 Class B CCDs at total consideration of Rs.1526 Crore. VHL to acquire 74620000 equity shares comprising 26% shareholding of Jaora nayagaon toll road company pvt. ltd. at total consideration of Rs.150 crore.

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Ashoka Buildcon Ltd.

30 Oct 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Intimation Regarding Sale/Disposal Of Stake In Subsidiaries Of Ashoka Concessions …

BSE India

This is to inform that Ashoka Concessions Ltd. a subsidiary of the Company has entered in to transaction documents with Indian Highways Concessions Trust inter alia for sale of entire share capital which will also include repayment of any shareholders loan held in its five BOT subsidiaries as follows. Ashoka Highways Bhandara Ltd. Ashoka Highways Durg Ltd. Ashoka Belgaum Dharward Tollway Ltd. Ashoka Sambalpur Baragarh Tollway Ltd. and Ashoka Dhankuni Kharagpur Tollway ltd. for total consideration of Rs.2539 Crore subject to adjustments for cash and debt like items and other adjustments.

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Ashoka Buildcon Ltd.

29 Oct 2024

203.28

2.42%

Company Update

ASHOKA BUILDCON LTD. - 533271 - Announcement under Regulation 30 (LODR)-Award of Order Receipt of Order

BSE India

The Company informs 15th September 2024 as Commercial Operations Date (COD) for its NHAI Project on Hybrid Annuity mode viz. Development of 6 lane access controlled Greenfield Highways from KM 162.500 to KM 203.100, Baswantpur to Singnodi Section NH 150 C, (package 4 of Akkalkot KNT of TS Border) for 39.07 KM stretch out of total stretch of 40.600 KM. The Project is executed by Ashoka Baswantpur Singnodi Road Private Limited, a wholly owned subsidiary of the Company, which will be eligible to receive Annuity from NHAI for the operation period of 15 years at the internal of every six months w.e.f. 15-09-2024.

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