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The latest update is out from Ashoka Buildcon Limited ( (IN:ASHOKA) ).
Ashoka Buildcon Limited, in consortium with Railtel Corporation of India, has received a Letter of Intent from the Inspector General of Registration and Controller of Stamps, Maharashtra, to act as Managed Service Provider for a major IT modernization initiative. The turnkey project covers end-to-end modernization, operation, and maintenance of IT, network, cloud, and application infrastructure for registration offices across Maharashtra over five years, running until March 19, 2032, with an expected contract value of about Rs.1,136.18 crore based on historical document volumes, underscoring Ashoka Buildcon’s diversification into digital infrastructure services for state government operations.
More about Ashoka Buildcon Limited
Ashoka Buildcon Limited is an Indian infrastructure company focused on construction and development projects, including roads and related civil works, with an increasing presence in technology-enabled infrastructure services for government clients. The company often works through consortiums to deliver large-scale, turnkey projects for public sector entities across India.
Average Trading Volume: 71,768
Technical Sentiment Signal: Sell
Current Market Cap: 42.04B INR
For a thorough assessment of ASHOKA stock, go to TipRanks’ Stock Analysis page.