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  • Macquarie-Ashoka bags Rs 9,700 crore order

    Its order wins galore for Ashoka Buildcon as Macquarie-Ashoka bag toll-operate-transfer (TOT) projects for Rs 9,700 crore. The company has also emerged as the lowest bidder for a hybrid-annuity model project worth Rs 860 crore. In an interview with CNBC-TV18, Satish Parakh, MD of Ashoka Buildcon spoke about the latest happenings in his company and sector.

  • Specific Relief Amendment Bill: Here's what experts have to say

    Specific Relief Amendment Bill: Here's what experts have to say

    On Friday, the government tabled the Specific Relief Amendment Bill in parliament. The amendments in the bill, if approved, will make it easier to enforce infrastructure contracts. That's not all, the amendments also provide for specific relief to select categories of infrastructure projects. In an interview to CNBC-TV18, Satish Parakh, MD of Ashoka Buildcon and Alok Deora of IIFL Wealth discussed this Specific Amendments Bill.

  • Aim to achieve 20% growth in FY18; bid scenario robust: Ashoka Buildcon

    Aim to achieve 20% growth in FY18; bid scenario robust: Ashoka Buildcon

    The second half continues to be promising from whatever bids are expected to come out. Will participate in 60 percent of the bids, said Paresh Mehta, CFO, Ashoka Buildcon.

  • SBI Macquarie Fund looking to exit Ashoka Buildcon's arm

    SBI Macquarie Fund looking to exit Ashoka Buildcon's arm

    SBI-Macquarie Infra Fund is looking to exit Ashoka Buildcon's subsidiary Ashoka Concessions Limited (ACL) and the process has already begun, said Paresh Mehta, CFO of Ashoka Buildcon.

  • Eye 20-25% growth in FY18: Ashoka Buildcon's CFO

    Eye 20-25% growth in FY18: Ashoka Buildcon's CFO

    Speaking to CNBC-TV18 the CFO, Paresh Mehta, said the company will not make any compromise with its margin adding that it continued to bid for Engineering, Procurement, and Construction (EPC) projects with margins of around 12-12.5 percent.

  • Expect 15% sales growth in FY16: Ashoka Buildcon

    Expect 15% sales growth in FY16: Ashoka Buildcon

    Ashoka Buildcon's CFO, Paresh Mehta says the earnings before interest, tax, depreciation and amortisation (EBITDA) margins have improved on account of commissioning of new projects

  • JTCL to contribute Rs 160-165 cr to revenues pa: Ashok Buildcon

    JTCL to contribute Rs 160-165 cr to revenues pa: Ashok Buildcon

    Speaking to CNBC-TV18, Paresh Mehta, CFO of the company said that 8.5 percent stake was taken over by Viva Highway, as subsidiary of Ashoka.

  • Intl order to contribute 12-15% to margins: Ashoka Buildcon

    Intl order to contribute 12-15% to margins: Ashoka Buildcon

    The timeline of execution for the order will be a period of 18 months and the company‘s balance orderbook now stands at Rs 5001 crore, Satish Parakh, MD, Ashoka Buildcon tells CNBC-TV18.

  • Growth to be visible from Q3 onwards: Ashoka Buildcon

    Growth to be visible from Q3 onwards: Ashoka Buildcon

    In an interview with CNBC-TV18, Paresh Mehta, CFO of Ashoka Buildcon said order book will improve from third quarter of the current year.

  • Actively bidding for EPC, BOT NHAI projs: Ashoka Buildcon

    Actively bidding for EPC, BOT NHAI projs: Ashoka Buildcon

    The current order book for the company including that of power, T&D and roads stand at Rs 3100 crore, said Satish Parakh, MD, Ashoka Buildcon.

  • Seen 7-17% traffic growth across SPVs in 3 qtrs: Sadbhav

    Seen 7-17% traffic growth across SPVs in 3 qtrs: Sadbhav

    Sadbhav Engineering is in focus as the company has won orders worth Rs 905 crore. Discussing the details, its ED Nitin Patel said the turnover from these projects will start contributing from Q3FY16.

  • Aim to raise Rs 500cr via QIP to pare debt: Ashoka Buildcon

    Aim to raise Rs 500cr via QIP to pare debt: Ashoka Buildcon

    Satish Parakh, managing director, Ashoka Buildcon says the company will use the funds to pare off its working capital debt.

  • Will bid for EPC, BOT projs worth Rs 25k cr:Ashoka Buildcon

    Will bid for EPC, BOT projs worth Rs 25k cr:Ashoka Buildcon

    In an interview to CNBC-TV18, Paresh Mehta, chief financial officer, Ashoka Buildcon shares his views on the company‘s Q3 numbers and his outlook for the upcoming quarters.

  • Ashoka Buildcon sees FY16 order book growing to Rs 5k cr

    Ashoka Buildcon sees FY16 order book growing to Rs 5k cr

    The stock price of Ashoka Buildcon has already doubled in 2014. According to brokerages, the company is likely to be a big beneficiary of the vast opportunities in the road sector.

  • Premium rescheduling to benefit 2 projects: Ashoka Buildcon

    Premium rescheduling to benefit 2 projects: Ashoka Buildcon

    The company has two projects, Dankuni Kharagpur and Belgaum Dharwad, that are likely to benefit from the move.

  • Bidding for projects in Odisha, Bihar: Ashoka Buildcon

    Bidding for projects in Odisha, Bihar: Ashoka Buildcon

    The company will now try for distribution in Bihar, Punjab, Odisha and other states and are in the process of bidding in Odisha and Bihar said Satish Parakh, MD, Ashoka Buildcon.

  • Toll collection growth remains sluggish: Ashoka Buildcon

    Toll collection growth remains sluggish: Ashoka Buildcon

    Ashoka Buildcon has been witnessing slowdown in toll collection over past three quarters across India.

  • EPC biz turnover to improve by 15% ahead: Ashoka Buildcon

    EPC biz turnover to improve by 15% ahead: Ashoka Buildcon

    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.

  • FY14 sales to grow 25%; 5% margin dip seen: Ashoka Buildcon

    FY14 sales to grow 25%; 5% margin dip seen: Ashoka Buildcon

    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.

  • Expect to cross Rs 1000 cr topline for FY14: Gammon Infra

    Expect to cross Rs 1000 cr topline for FY14: Gammon Infra

    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.

  • We are the No.5 player in highways sector

    We are the No.5 player in highways sector

    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

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