Ashoka Buildcon bags ₹1,387 crore traffic management project in Maharashtra
Published on 05/06/2025 04:44 PM
Ashoka Buildcon bags ₹1,387 crore traffic management project in MaharashtraAshoka Buildcon has secured a ₹1,387.19 crore contract for an Intelligent Traffic Management System across Maharashtra, covering Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra.By Megha Rani June 5, 2025, 4:44:33 PM IST (Published)1 Min ReadAshoka Buildcon Ltd, in collaboration with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), received Letters of Intent (LOIs) from the Maharashtra Motor Vehicles Department for the design, implementation, operation, and maintenance of an Intelligent Traffic Management System across multiple regions.
The project, spanning 10 years, covers Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra, with an estimated total value of ₹1,387.19 crore.
Circle-wise investment breakdown
Nagpur – ₹179.97 crore
Mumbai – ₹291.49 crore
Pune – ₹285.23 crore
Konkan & Western Maharashtra – ₹315.54 crore
Marathwada – ₹314.96 crore
The exact value will be finalised once the work order is officially issued.
Q4 results
Ashoka Buildcon Ltd reported its fourth-quarter earnings on Friday, May 23, showing a 73.2% increase in net profit to ₹432.2 crore, compared to ₹249.6 crore last year. The company’s revenue for Q4 stood at ₹2,694.4 crore, reflecting an 11.7% growth from ₹3,052 crore in the same period of the previous financial year.
Shares of Ashoka Buildcon gained 1.65% to ₹219.30 apiece on Thursday (June 5).
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