In Q2FY14, Ashoka Buildcon‘s turnover and EBITDA stood at Rs 777 crore and Rs 180 crore respectively. Its EPC turnover was at Rs 631 crore over Rs 624 crore.
The company had to handover one of the project back to government during the quarter leading to fall in revenue, says Satish Parakh, MD, Ashoka Buildcon.
While commenting on the future of his company, KK Mohanty of Gammon Infrastructure said, "We are intending to put three more projects into operation. We will be completing Godavari Bridge, Patna-Hajipur Highway and one of the power project or port projects". These projects will be completed from quarter three onwards.
Satish Parakh is the man behind Ashoka Buildcon's staggering growth from a very small civil contractor to one of India's leading highway developers as well amongst top infrastrcuture companies. It is on its way to join the big league of infrastructure companies soon from a small town like Nashik