Ashoka Buildcon shares hit a day high of ₹117.34 on 11 November, up 14%, after landing a ₹865.90 crore NHAI order and a Bhutan solar project.

The bigger win came from the National Highways Authority of India.

It gave Ashoka Buildcon Limited a Letter of Acceptance, the formal go-ahead that confirms a tender win, for a highway job in Gujarat worth ₹865.90 crore, excluding GST.

The work covers the unfinished part of an eight-lane expressway between Karvad and Jujuwa, on the Vadodara-Mumbai route.

The stretch runs 26.6 km, from Km 128.0 to Km 154.6. It is an EPC contract, so one company handles design, material buying and construction.

The company had already been named the lowest bidder earlier in November. This letter turns that bid into a confirmed order.

The second order comes from abroad and was filed with exchanges on 11 November.

Druk Green Power Corporation Limited of Bhutan has awarded the Nashik-based firm the 120 MWp Wobthang solar plant, worth about $58.9 million or roughly ₹543 crore.

MWp stands for megawatt peak, a plant’s maximum output. Ashoka Buildcon will design, supply, install, test and commission it.

The company must finish the plant within 18 months. A 24-month defect liability period also applies, meaning it stays answerable for faults during that time.

In October, North Eastern Railway gave the firm a ₹290.23 crore contract to upgrade power supply facilities for electric trains in Uttar Pradesh.

The orders arrive after a weak quarter. For the September quarter, revenue fell 18.72% to ₹1,504.62 crore from ₹1,851.18 crore a year earlier.

The company also posted a net loss of ₹118.96 crore, against a profit of ₹90.70 crore.

At 15:04 pm on NSE, the stock traded at ₹114.25, up ₹11.31 or 10.99% from the previous close of ₹102.94.

The day’s range so far is ₹108.03 to ₹117.34. The stock is still down 31.97% this year.

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