Infra stock surges 4% after receiving ₹1,816 Cr order in JV with Adani Road Transport

Synopsis: The company has received an order worth Rs. 1,815.79 crore from BMC for development and pollution control project in a JV with Adani and & other.

The shares of this company engaged in the business of construction & infrastructure facilities on EPC and BOT basis, also involved in the sale of RMC (ready mix and making switchgear concrete), in focus after bagging a significant work order from Brihanmumbai Municipal Corporation.

With the market capitalization of Rs. 4,685 crore, Ashoka Buildcon Ltd’s share on Thursday made a day high of Rs. 171.10 per share, up by 4 percent from its previous day’s close price of Rs. 164.50 per share. The share has given a return of 73.28 percent return over a period of five years.

Significant Order

Ashoka Buildcon Limited announced receipt of order worth Rs. 1,815.79 Crore, with a time period of 48 months excluding monsoon, from BMC against bid submitted by M/s Adani-Ashoka-Aakshaya joint venture, wherein Adani Road Transport Limited (holds 51% being Lead Member), Ashoka Buildcon Limited (holds 26%) and Aakshaya Infra Projects Private Limited (holds 23%).

The order is for Mithi River Development and Pollution control project (Package III) Dry weather flow interception at Tidal Outfalls (including Gate Pumps), Transfer sewer, Training of river, Service road, Retaining wall and Allied works and Operation & Maintenance for 10 (Ten) Years from CST Bridge Kurla to Mahim Causeway including Vakola River on Design, Build and Operate model.

This will add to the company’s robust order book of Rs. 14,888 crores as of September 30, 2025, with segment break up of 45.8 percent from road EPC, 31 percent from Power T&D, 12.3 percent from road HAM and the rest of the contribution done by segment like railways and building EPC.

Ashoka Buildcon Ltd holding 50+ years of experience in the construction industry 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 and making switchgear concrete). It has a strong client base with well-known names like NHAI, Ministry of Road Transport and Highways, MMRDA, IRCON, and many others.

Financial Highlights, the revenue from operations declined by 26 percent to Rs. 1,851 crore in Q2 FY26 from Rs. 2,489 crore in Q2 FY25. EBIT declined by 35 percent to Rs. 585 crore in Q2 FY26 from Rs. 905 crore in Q2 FY25. Accompanied by decline in Net profit to Rs. 90.7 crore in Q2 FY26, excluding exceptional items.

Written by Gourav Pratap Singh

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