Ashoka Buildcon wins Rs 846 Cr hotel project in Saudi Arabia via JV

Order Above 5pct RevenueExport Order Hard CurrencyGovt Defence OrderBusiness Updates View source PDF Explain this filing

ASHOKA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹152.71

prior close

₹150.55

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+3.0% vs market

Civil Construction peers, median of 96sector-0.9%+3.1% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+2.2-0.8+3.0-0.9+3.1

Next day

+7.4+1.8+5.6+1.9+5.5

+7.3+2.8+4.5+2.3+5.0

+4.7+2.3+2.4+1.9+2.8

+3.3+1.8+1.6+0.7+2.6

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15d

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-21.0-6.3-14.7-7.1-13.9

-26.1-8.0-18.1-10.4-15.6

-9.3+8.3-17.6+3.7-13.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ashoka Buildcon's KSA subsidiary received a Letter of Acceptance for the Main Construction Works of Diriyah II hotel project in Saudi Arabia. The order was awarded by Diriyah Company, owned by Saudi Arabia's PIF sovereign wealth fund, in a JV with BEC Arabia where Ashoka holds 49 percent. Ashoka's share is about Rs 846.38 Crore, out of a total bid value of SAR 717.09 million. The project is to be executed in 27 months from Feb 5, 2026.

Likely market impact

Major international order worth Rs 846 Cr boosts order book. Signals overseas expansion into Saudi Arabia. Trading window closed for 48 hours.