Ashoka Buildcon Strengthens Liquidity: Issues ₹50 Crore Commercial Paper During Infrastructure Boom

Ashoka Buildcon Ltd, one of India's prominent infrastructure developers, has raised commercial papers (CP) worth ₹50 crore on February 27, 2025. This move comes at a time when the company is strengthening its balance sheet while the infrastructure business continues to grow in a booming industry. The CP issue is in line with Ashoka Buildcon's recent financial performance, which registered a total income of ₹1,815.74 crore during Q3 FY25. With a strong order book of ₹16,457 crore as of December 31, 2024, the company is poised to benefit from India's infrastructure development. This CP issue comes after the successful redemption of an earlier ₹50 crore CP on March 26, 2025, showcasing the company's effective liquidity management.

 

Source: BSE Filings, Company Announcements