Ashoka Buildcon in an exchange filing said the company was awarded projects worth Rs 754.6 crore from the Madhya Pradesh PoorvKshetra Vidyut Vitaran Company for supply, installation, testing and commissioning of new 11 KV lines in the Balaghat, Satna and Rewa circles.
Meanwhile, as on September 30, 2022, the total order book of the company stood at Rs 14,901 crore. Of the total order book, the contribution from roads HAM and roads EPC is Rs 2,689.2 crore and Rs 5,573.2 crore respectively, Power T&D & others is Rs 2,233.1 crore, Railways is Rs 1,497.5 crore, Buildings EPC is Rs 2,866.7 crore and CGD contributes the rest Rs 41.2 crore.
India’s infrastructure sector is rapidly growing and the key trends show positivity and optimism. The Government of India is also progressively stepping up its infrastructure spending through Budgetary and non-Budgetary support. The roadmap for the infrastructure sector over the next few years appears to be robust. However, much will depend on proper allocation of funds, achievement of targeted short-term goals and the execution mechanism being put in place, Ashoka Buildcon said in its FY22 annual report.
There are tremendous opportunities in the near and long term for the infrastructure space in India. The government’s ambitious infrastructure development programmes like Bharatmala Pariyojana and National Infrastructure Pipeline (NIP) provide significant opportunities for market players to grow themselves and let others also to grow in the sector.