Ashoka Buildcon shares rally 14% on bagging ₹866 crore EPC project from NHAI in Gujarat; key details

The company said it has received a letter of acceptance (LoA) from NHAI for balance work for construction of an eight-lane access-controlled expressway “from Km 128 to Km 154.6” of the Vadodara-Mumbai expressway, the Karvad to Jujuwa section, in Gujarat.

The firm will execute the project in Engineering, Procurement, and Construction (EPC) mode, it stated in a regulatory filing dated November 9, adding that the order has a defect liability period of ten years.

Furthermore, the company also bagged an order on November 11. It received an LoA from Druk Green Power Corporation Limited, Bhutan, for design, supply, installation, testing & commissioning of a 120 MWp Wobthang Solar PV Power Plant.

The project, worth $58.9 million, is expected to be completed in 18 months from the date of commencement, according to a separate regulatory filing.

Q2 results

Ashoka Buildcon reported a consolidated net loss of ₹118.79 crore in the second quarter of the 2026-27 financial year (Q2 FY27), compared with a profit of ₹78.06 crore in the same period last year.

Its revenue from operations stood at ₹1,504.62 crore during the quarter under review, marking an 18.72% year-on-year (YoY) decline from ₹1,851.18 crore in the July-September quarter of the 2025-26 fiscal year (Q2 FY26).

Ashoka Buildcon share performance

At around 10:59 AM, the stock was trading 10.59% higher at ₹113.84 per equity share.

The scrip has jumped 9% in the past week and more than 11% over the month. However, on a year-to-date (YTD) basis, it has fallen 32%.

While the shares hit a 52-week high of ₹203.97 apiece on November 10, 2025, they touched a year’s low of ₹95.31 per unit on October 29, 2026.

Ashoka Leyland has a total market capitalisation of ₹3.19 lakh crore as of November 11, 2026, according to data on the NSE.