Ashoka Buildcon Ltd
NSE: ASHOKA BSE: 533271
₹105.02
(0.99%)
Fri, 16 Oct 2026, 06:05 pm
Market Cap (in Cr)2977.07
PE Ratio1.20
Dividend0
Industrial Services
Engineering & Construction
24.5KCompany History
1983
- Began operations as Ashoka Constructions partnership on November 5.
1993
- Reorganized as Ashoka Buildcon Private Limited.
1996
- Completed first major industrial project for Nilkamal Plastics Limited Sinnar.
1997
- Entered business of toll roads and bridges on BOT basis.
- Awarded first BOT project Dhule bypass completed same fiscal year.
- Awarded CM Shah Concrete Technology Award by Institution of Engineers India Pune Local Centre.
- Awarded National Award for Most Outstanding Bridge Excellent Aesthetic Matching Environment for Kothrud flyover Pune and Shivna bridge.
1998
- Started and completed Dhule bypass project in nine months.
- Completed Kothrud flyover.
- Awarded ISO 9001:2000 certification for quality management systems.
- Established Ashoka Training Institute.
- Awarded National Award for Most Outstanding Bridge Excellent Aesthetic Matching Environment for Kothrud flyover and Shivna bridge.
- Quality management systems ISO 9001:2000 certified by International Standards Certifications Pty Limited.
- Awarded Director’s Work of World Class Quality Award for Proctor and Gamble project in Goa.
2000
- Awarded first project Rs 1,000 million on NH-4.
- Began manufacturing RMC for EPC division use.
2001
- Completed East Coast road Chennai to Puducherry declared model road by Government of India.
- Awarded NIMA Excellence Award by Nashik Industries and Manufacturers Association.
- Awarded National Award Most Outstanding Bridge for Bhor bridge.
- Started RMC business.
2002
- Became public company on April 22 changed name to Ashoka Buildcon Limited.
- Began manufacturing RMC for sale to third parties.
2004
- Completed construction of Indore-Edalabad road one of longest roads on BOT basis.
2005
- Began processing bitumen to higher grade at Pune facility.
2006
- IDFC PE II acquired 1,019,617 equity shares becoming single largest shareholder with 18.18% stake.
- Entered shareholders agreement with IDFC Infrastructure Fund 2 for issue of 1,019,617 equity shares at Rs 980.76 per share.
2007
- Received ISO 9001:2000 ISO 14001:2004 OHSAS 18001:1999 certificate from International Standards Certifications Pty Limited.
- Awarded certificate of involvement by United States Environment Programme for 2007 Billion Tree Campaign.
- Awarded certificate for ISO 9001:2004 14001:2004 18001:2007 compliance.
2008
- Ashok M Katariya received Lifetime Achievement award from Association of Consulting Civil Engineers.
- Awarded certificate of excellence in productivity quality innovation and management by Institute of Economic Studies New Delhi.
2009
- Received ISO 9001:2000 ISO 14001:2004 OHSAS 18001:2007 certificate from International Standards Certifications Pty Limited.
2010
- Equity shares listed on Exchange Scrip Code 533271 B Group.
- Announced construction completion and start of toll project.
2011
- Successful bidder for Four Laning of Cuttack-Angul Section 112 km.
- Received Letter of Awards for Turnkey Power Distribution EPC contracts Rs 156.51 crore from MSEDCL.
2012
- Acquired 50% equity shares in VIPL now holding 99%.
- Emerged lowest bidder for Chennai-ORR project Tamil Nadu.
2013
- Declared interim dividend for FY 2012-13 at 20% Rs 2 per share.
- Announced bonus in 1:2 ratio.
- Split face value from Rs 10 to Rs 5.
2014
- Received Letter of Award for project.
- Honoured with Lokmat Presents Corporate Excellence Award 2014.
- Honoured with Best Award for promoting Green Building Concept and Infrastructure by Institute of Engineers India.
- Bagged Project of the Year Runner Up for Dhankuni Kharagpur Road Project.
2015
- Restarted toll collection at Dewas Bypass Road Project.
- Awarded Best Professionally Managed Company at 7th CIDC Vishwakarma Awards.
- Arm received arbitral award.
2016
- Acquired 48% stake in JTCL.
- Bagged Rs 155.8 crore project from NHIDCL.
- Secured 5 power projects worth Rs 950 crore in Bihar.
- Acquired stake in Mudhol Nipani SPV.
- Secured Rs 179 crore project from DVVNL.
2017
- Received Letters of Award for Power Project in Bihar.
- Honoured with Infra Company of the Year Award at EPC World Awards Delhi.
- Won Letter of Award from Mumbai International Airport to develop land parcels in Sahar village.
- Received new project from NHAI in Vizag Andhra Pradesh.
- Received Rs 116.72 crore power project in Bihar.
2018
- Issued Bonus Shares in 1:2 ratio.
- Declared Appointed Date for NHAI Project.
- Received Letter of Acceptance from RVNL for construction of roadbed and bridges.
- Awarded for Innovations in CSR Practices by ET Now CSR Leadership Awards 2018.
2019
- Received Letter of Award for NHAI Project.
- Received LOA for Uttar Pradesh Expressways Industrial Development Authority Project.
- Received provisional Completion certificate for KRDCL Project.
2020
- Acquired additional 1.6 crore shares in Ashoka GVR Mudhol Nipani Roads Ltd.
- Acquired stake in Mudhol Nipani SPV.
2021
- Acquired stake in Ashoka Concessions Limited.
- Received work order for construction of rock fill embankment and subgrade for Navi Mumbai International Airport Project.
- Awarded for JNPT Road Project by Construction Week at Equipment and Infra Awards 2021.
- Received letter of award from Ministry of Road Transport and Highways for project in Goa.
- Acquired 60% stake in Ashoka Bettadahalli Shivamogga Road Private Limited.
- Received NOA for Solar Project on EPC basis.
2022
- Bagged projects worth Rs 754.57 crore.
- Achieved financial closure for NHAI road project Baswantpur to Singondi.
- Bagged Rs 208.89 crore project from East Central Railways.
- Received LoA for Rs 693 crore project from Northeast Frontier Railway.
- Bagged Rs 112 crore project for construction of mall-cum multiplex.
2023
- Received Letters of Award from Maharashtra State Electricity Distribution Company Limited for Development of Distribution Infrastructure Project.
- Received Order from North Bihar Power Distribution Company Ltd for Development of Distribution Infrastructure at Muzaffarpur Electric Supply Circle.
- Received Letter of Award from National Highways Authority of India for Construction of Four Lane Elevated Corridor.
2024
- Signed agreement with Bangalore International Airport Limited for construction of Elevated Western Crossfield Taxiways.
- Received order from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd.
- Received Completion Certificate for NHAI Project.
- Executed EPC Agreement with Serneke International Group AB Sweden for project floated by Baran International Limited.
