Ashoka Buildcon Share Price in Focus on Arm Receiving Work Order in Maharashtra

Ashoka Buildcon Limited and its subsidiary, Ashoka Purestudy Technologies Pvt. Ltd. (APTPL), have received official work orders from the Motor Vehicles Department of Maharashtra. As per the filing, these are part of a state-wide initiative to install and operate Intelligent Traffic Management Systems (ITMS) across different regions. 

The announcement was formally communicated to the BSE and NSE on June 18, 2025.

Regions Covered Under the Orders

The ITMS projects will be executed in 5 major circles: Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra. In the Nagpur, Mumbai, and Pune circles, the scope includes various road stretches, while in Marathwada and Konkan-Western Maharashtra, the focus will be on identified blackspots and vulnerable locations.

Terms and Duration

Each project will follow a fixed structure: a 15-month implementation phase followed by a 10-year operation and maintenance period from the Go Live date. The tasks include the design, implementation, integration, operation, and upkeep of the traffic systems. These projects are intended to be long-term and are domestic in nature, with no international involvement.

Value and Related Party Disclosures

The value of these contracts remains unchanged from the earlier disclosure made on June 5, 2025. No promoter group, related party, or group company of Ashoka Buildcon has any interest in the awarding authority. The orders do not fall under related party transactions and were awarded by a government department without any identified conflicts of interest.

Read more: SEBI Board Meeting Outcome: Check Out the Key Updates You Should Know!

Ashoka Buildcon Share Price Performance 

As of 9:30 AM on June 19, 2025, Ashoka Buildcon share price was trading at ₹204.30, a 0.12% decline. The stock has declined 31.37% over the past 6 months and 7.36% over the past year.

Conclusion

The company and its subsidiary will now begin work on the implementation phase across the five circles in Maharashtra, with operations set to continue for a decade post-deployment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.