2 days ago
Ashoka Buildcon Shares Surge on ₹602-Crore RVNL Order
Ashoka Buildcon won a large railway-related contract worth ₹602.16 crore.
The contract came from Rail Vikas Nigam Limited.
It involves installing electrical and mechanical systems in four railway tunnels in Uttarakhand.
The systems include power equipment, lighting, ventilation and firefighting equipment.
The company has 30 months to finish the project after work begins.
Its shares rose nearly 15% after the order was announced.
This was the stock’s biggest one-day gain in more than six years.
However, the shares were still about 25% lower so far in 2026.
The company had also recently secured a transmission project in Maharashtra.
Ashoka Buildcon shares surged nearly 15% on Monday, August 31, after receiving a ₹602.16-crore railway contract.
The order from Rail Vikas Nigam Limited covers electro-mechanical systems for four tunnels in Uttarakhand.
The project includes substations, cables, generators, lighting, ventilation, firefighting and uninterrupted power systems.
Ashoka Buildcon must complete the work within 30 months and submit a ₹25.51-crore performance bank guarantee.
The company also received a Maharashtra transmission project with annual transmission charges of approximately ₹126.5 crore.
- Who
- Ashoka Buildcon received the contract from Rail Vikas Nigam Limited.
- What
- A ₹602.16-crore order to supply, install, test and commission electro-mechanical systems for railway tunnels.
- Where
- The railway work covers tunnels T-13, T-14, T-15 and T-16 on the Rishikesh-Karnaprayag line in Uttarakhand.
- When
- The letter of acceptance was received on Saturday, and the share surge occurred on Monday, August 31.
- Why
- The order strengthened Ashoka Buildcon’s project pipeline and expanded its railway electrification and transmission infrastructure work.
Key facts
- Railway order value
- ₹602.16 crore
- Contracting agency
- Rail Vikas Nigam Limited
- Project location
- Uttarakhand
- Completion period
- 30 months from the start of work
- Performance guarantee
- ₹25.51 crore
- Share movement
- Shares rose nearly 15%; the stock was trading 11.1% higher at ₹125.18 during Monday’s session
- Recent transmission project
- A Maharashtra project with annual transmission charges of approximately ₹126.5 crore
Sources
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