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Ashoka Buildcon recently increased its revenue guidance to 25-30 per cent YoY growth in FY23 compared with earlier guidance of 15-20 per cent growth, given the strong execution in H1
The accepted cost of project is Rs 333.625 crore, Ashoka Buildcon said.
Shares of the Mumbai-based construction company - Ashoka Buildcon - rose as much as 10.73 per cent to hit an intraday high of Rs 98.50 after the company post market hours on Thursday informed exchanges that it secured a contract from Gujarat Rail Infrastructure Development Corporation for gauge conversion and electrification. Ashoka Buildcon shares opened for trading at Rs 92.50 on the BSE. On National Stock Exchange, Ashoka Buildcon shares rose as much as 11.14 per cent.
Ashoka Buildcon received a letter of award from Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) for gauge conversion of Bechraji-Ranuj section for total length of 38.15 kilometres from metre gauge to broad gauge.