Tuesday, February 1, 2022

Ashoka Buildcon Limited - Buy on dips

 The prestigious Eastern Peripheral Expressway (EPE) was launched by the Government of India to decongest Delhi. There was a need to complete this project in the least possible time so that the rising pollution level in the Nation’s Capital can be reduced.

The package IV of this project was awarded to Ashoka Buildcon Ltd. Despite the hurdles inherent to a green feild project, the Company was able to complete the stretch in record time of only 482 day

Railway Over Bridge

in 100 Working Days

The Company has added yet another feather in its cap by constructing a Railway Over Bridge in just 100 working days at the prestigious Eastern Peripheral Expressway Project.

One can judge the importance of this achievement by considering the fact that in general, construction of such ROB takes 2 to 2.5 years.

The EPE project is one of the most important highway projects being executed in the Country as it is intended to reduce congestion and pollution in Delhi.

This project comes as an effect of Supreme Courts direction to create a bypass around Delhi. The progress of the project is being monitored directly by the Prime Minister’s office.

Bridge (1) On River Rupnarayan

This bridge was special because for over 10 years, no construction company came forward to build it. The previous company that had tried to failed to do so and abandoned the project midway.

Ashoka Buildcon rose to the challenge. Faced with a dual challenge, that of the geographical impediments and of rectifying the errors made by the previous construction company, Ashoka deployed the best of its resources to complete the bridge.

The Company built this bridge an nontraditional method, that of launching a 323 mts. long, 1700 tonne heavy, steel girder assembly from one end of the river and finally lowering it into position. Such a feat had never been tried before in India.

Braving all odds, the team members of Ashoka worked days and nights to complete this one of its kind bridge in a period that was way ahead of its scheduled completion date.

A Bridge in 38 Days

In the year 1999, Ashoka created a stir in bridge construction industry with the construction of Mandve Bridge near Pandharpur (Maharashtra).

The allotted time period for the construction of this 90 mts. cast in situ bridge was 12 months.

In what can be termed as an extra ordinary example of team work, planning and execution, this bridge was completed in 38 days.

The feat earned a place in the Limca Book of Records.

For more detailed presentation visit our YouTube channel -

https://www.youtube.com/channel/UCKEMPJKKzTK13Js7qFGhtBQ

One Year Performance of the Stock

The scrip had a Year high of 125 and Year Low of 80

Long term investors should buy the scrip and add to their portfolio.

No comments:

Post a Comment