Rs 14,888 Crore Order Book: Civil Construction Company Receives Rs 1,136.18 Crore Contract from Pune

Ashoka Buildcon Limited, in consortium with Railtel Corporation of India Limited, has received a Letter of Intent (LOI) from the Office of the Inspector General of Registration & Controller of Stamps (IGR), Maharashtra State, Pune. This domestic project designates the consortium as the Managed Service Provider for the comprehensive modernisation of IGR offices under a turnkey model. The scope of work encompasses the end-to-end operation and maintenance of IT, network, cloud and application infrastructure. This strategic partnership is set to span a five-year duration, with an execution timeline extending through March 19, 2032, marking a significant digital transformation initiative for the Government of Maharashtra.

The financial structure of the contract is based on a per-page scanning rate of Rs. 24.75 for registered documents. While the LOI does not state a fixed total consideration, historical data from the Request for Proposal (RFP) indicates an average of 9.18 crore pages scanned annually over the last five years. Based on these volumes, the projected financial impact of the five-year contract is estimated at approximately Rs 1,136.18 crore, though actual figures will depend on real-time processing requirements. This contract underscores Ashoka Buildcon's diversification into large-scale IT infrastructure and managed services within the public sector.

About the Company

Ashoka Buildcon Ltd is engaged in the Construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 4,000 crore and its current Order Book as of September 30, 2025, stands at Rs 14,888 crore.

According to Quarterly Results, the company reported net sales of Rs 1,851 crore and a net profit of Rs 91 crore in Q2FY25. In its annual results, the net sales increased by 2 per cent to Rs 10,036.63 crore and the net profit increased by 237 per cent to Rs 1,694.10 crore in FY25 compared to FY24. The stock is up by 8 per cent from its 52-week low of Rs 139.95 per share.

Disclaimer: The article is for informational purposes only and not investment advice.