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Ashoka Buildcon gains after bagging Rs 866-cr NHAI project

11-Nov-2026 | 09:35

Ashoka Buildcon jumped 12.48% to Rs 115.85 after the company announced that it has received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for a project worth Rs 865.90 crore.

The project involves the balance work for the construction of an eight-lane access-controlled expressway from Km 128.0 to Km 154.6 of the Vadodara-Mumbai Expressway (Karvad to Jujuwa section) in Gujarat under the Engineering, Procurement, and Construction (EPC) mode. The project carries an execution period of 18 months and a defect liability period of 10 years.

Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. On a consolidated basis, Ashoka Buildcon reported a net loss of Rs 118.79 crore in Q2 FY27 as against a net profit of Rs 78.06 crore in Q2 FY26. Revenue from operations declined 18.72% to Rs 1,504.62 crore in Q2 FY27 from Rs 1,851.18 crore in Q2 FY26.

Ashoka Buildcon gains after bagging Rs 866-cr NHAI project

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