Ashoka Buildcon shares rise sharply after the company secures a Rs 602.16 crore order from Rail Vikas Nigam Limited (RVNL). Multiple outlets report the jump is driven by the receipt of the letter of acceptance for electro-mechanical works linked to railway tunnel projects in Uttarakhand, boosting investor interest in the company’s order pipeline.
The order covers electro-mechanical systems for four railway tunnels (T-13 to T-16) under Package E-4 for the Rishikesh–Karnaprayag New Broad Gauge Rail Line Project. The work includes supply, erection, testing and commissioning of equipment such as gas-insulated substations, high- and low-tension cabling, diesel generator sets, lighting, uninterruptible power supply systems, ventilation and firefighting infrastructure. The project is to be completed within 30 months from the start of work, followed by a two-year defect-liability period.
Outlets differ mainly in how they frame the market move: one notes a roughly 10% rise, while another highlights nearly a 15% surge and calls it the largest single-day gain in more than six years. Both point to the contract’s role in strengthening the company’s order book and long-term execution prospects, without changing the core deal details reported by the company.
