India's Ashoka Buildcon rises on $63 million order win from Rail Vikas Nigam

Ashoka Buildcon

31/08/2026 06:08

** Shares of construction and engineering company Ashoka Buildcon ABDL.NS up 13.9% at 128.25 rupees--biggest pct jump in more than six years
** Stock trading at highest since July 16
** Co gets order worth 6.02 billion rupees ($63.08 million) from state-owned railway infrastructure company, Rail Vikas Nigam Ltd RAIV.NS 
** Contract to be executed in 30 months
** Order to install electrical and safety systems inside four railway tunnels being built as part of rail line project in Uttarakhand state
** YTD, shares down 23.92%

($1 = 95.4400 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))