India's Ashoka Buildcon falls on bidding suspension after precast grinders collapse

Ashoka Buildcon

28/11/2025 04:02

** Shares of Ashoka Buildcon ABDL.NS fall 4% to 176.50 rupees

** Set to snap three days of gains

** National Highways Authority of India suspends co from bidding for a month or until probe ends after two precast girders collapse on NH-66, killing one

**Highway developer denies the allegation that public safety was endangered as the incident happened due to a sudden failure of hydraulic jack caused by internal seal damage

** ABDL ascertaining the financial impact of the incident

** Four analysts have a "buy" or "strong buy" rating while four have "hold" rating ; median PT is 214 rupees - data compiled by LSEG

** YTD, ABDL down ~43%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))