1 year ago
Ashoka Buildcon Awarded ₹1,387 Crore Traffic Management Project
Imagine a company, Ashoka Buildcon, that got a big project in Maharashtra to help manage traffic better.
They will set up smart systems in cities like Mumbai and Pune.
This project will cost a lot of money and will take ten years to complete.
The company recently announced how well they did in the last three months.
They made much more money than the same time last year.
It is like they are helping to build smart roads and make the traffic run smoother, and the company did well.
Ashoka Buildcon Ltd and Ashoka Purestudy Technologies Private Limited (APTPL) received LOIs.
The project involves an Intelligent Traffic Management System in Maharashtra.
The total project value is estimated at ₹1,387.19 crore.
The project will span 10 years across multiple regions.
Ashoka Buildcon reported a 73.2% increase in net profit for Q4.
- Who
- Ashoka Buildcon Ltd and Ashoka Purestudy Technologies Private Limited (APTPL)
- What
- Received Letters of Intent (LOIs) for Intelligent Traffic Management System
- Where
- Maharashtra (Nagpur, Mumbai, Pune, Marathwada, Konkan & Western Maharashtra)
- When
- Letters of Intent received recently, Q4 results reported on Friday, May 23
- Why
- To design, implement, operate, and maintain an Intelligent Traffic Management System
Key facts
- Project Value
- ₹1,387.19 crore
- Project Duration
- 10 years
- Awarded To
- Ashoka Buildcon Ltd and APTPL
- Regions Covered
- Nagpur, Mumbai, Pune, Marathwada, Konkan & Western Maharashtra
- Ashoka Buildcon Q4 Net Profit
- ₹432.2 crore
- Ashoka Buildcon Q4 Revenue
- ₹2,694.4 crore
- Ashoka Buildcon Share Price Increase
- 1.65%
