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Ashoka Buildcon shares gain nearly 6% after bagging ₹1,387 crore traffic management project in MaharashtraAshoka Buildcon Share Price | The contract is for the design, implementation, operation, and maintenance of an Intelligent Traffic Management System across multiple regions.By Megha Rani   June 6, 2025, 9:23:02 AM IST (Updated)1 Min ReadShares of Ashoka Buildcon Ltd gained 5.5% on Friday, June 6, after the company, in collaboration with its subsidiary Ashoka Purestudy Technologies Private Limited (APTPL), received Letters of Intent (LOIs) from the Maharashtra Motor Vehicles Department on Thursday.

The contract is 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 nearly 5.5% to hit an intraday high of ₹230.80 apiece just after market open on Friday, June 6.

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