Ashoka Buildcon Ltd. News and Updates

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Item: Ashoka Buildcon Ltd.
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Author: IDBI Capital

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Ashoka Buildcon Ltd.

14 Jan 2025

172.78

-0.51%

CCI approves Ashoka Buildcon's 34% stake buy in Ashoka Concessions

Business Standard

The Competition Commission of India (CCI) on Tuesday approved Ashoka Buildcon's proposal to acquire remaining 34 per cent stake in Ashoka Concessions Ltd. Currently, Ashoka Buildcon Ltd (ABL) owns a 66 per cent holding in Ashoka Concessions Ltd (ACL). After the CCI's approval, ACL will become a wholly-owned subsidiary of Ashoka Buildcon. The proposed combination relates to the acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways, CCI said. Viva Highways is a subsidiary of Ashoka Buildcon. "CCI approves the proposed acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26 per cent shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva," CCI said in a post on X on Tuesday. In October 2024, ABL said it will acquire 100 per cent of the investments of investors in AC

Ashoka Buildcon Ltd. has lost -21.49% in the last 3 Months

CCI approves Ashoka Buildcon's acquisition of 34% stake in Ashoka Concessions

Business Line | 14 Jan 2025

Ashoka Buildcon Ltd.

07 Jan 2025

172.78

-0.51%

Here's why Ashoka Buildcon shares jumped 5% in trade on January 7; details

Business Standard

The project is expected to be completed in 910 days, including monsoon, Ashoka Buildcon said

Number of FII/FPI investors increased from 135 to 146 in Jun 2025 qtr.

Ashoka Buildcon Ltd.

30 Dec 2024, 11:13AM

172.78

-0.51%

Ashoka Buildcon rallies 6% on strong order book; zooms 124% in CY24

Business Standard

As on September 30, 2024, the company's balance order book stood at Rs 11,104 crore, excluding additional orders post September 2024 worth of Rs 4,320 crore, and L1s of Rs 265 crore.

Ashoka Buildcon Ltd. is trading below all available SMAs

Ashoka Buildcon Ltd.

20 Dec 2024

172.78

-0.51%

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

Business Standard

Construction engineering company Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said Friday. The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects. Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. "The first phase of the plant is being planned at Begusarai (in Bihar)," he said. Green hydrogen is the cleanest known source of energy, which produces just water from being burnt. Sharma said the first phase of the project will take 1.5-2 years to commission from the date of receiving all clearances. The second phase will follow thereafter. According to the latest presentation on the company website, Ashoka Buildcon had an

ICICI Securities Limited decreased Buy price target of Ashoka Buildcon Ltd. to 220.0 on 13 Aug, 2025.

Ashoka Buildcon Ltd.

28 Nov 2024

172.78

-0.51%

Ashoka Buildcon shares surge 3% on securing new projects

Business Line

Ashoka Buildcon stocks hit an intra day high of 242.60 and low of 237.60 on the BSE.

Ashoka Buildcon Ltd. has lost -26.00% in the last 1 Year

Ashoka Buildcon Ltd.

25 Nov 2024

172.78

-0.51%

Ashoka Buildcon receives LOA for Nhai project worth Rs 1,391 crore

Business Standard

The company was declared as the lowest bidder (L-1) during the bidding procedures for the project

Ashoka Buildcon Ltd. is trading below all available SMAs

Ashoka Buildcon Ltd.

19 Nov 2024

172.78

-0.51%

Ashoka Buildcon up 6% on emerging lowest bidder for project of Rs 2,791 cr

Business Standard

The rise in Ashoka Buildcon share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 2,791 crore