Ashoka Buildcon gained nearly 2% after bagging ₹1,387 crore worth of traffic management contracts across Maharashtra.
The deets: Ashoka Buildcon, through its tech subsidiary Ashoka Purestudy Technologies, is set to roll out a large-scale Intelligent Traffic Management System (ITMS) across key regions of Maharashtra.
The company is one of India’s leading engineering, procurement, and construction (EPC) players, with expertise in building roads, bridges, and now, smart mobility infrastructure.
The deal involves designing, installing, running, and maintaining traffic systems in Mumbai, Pune, Nagpur, Marathwada, and Konkan & Western Maharashtra.
Why it matters: with cities bursting at the seams and vehicles increasing, traffic management has become critical. Maharashtra, with its dense urban hubs and diverse geography from crowded metros like Mumbai and Pune to hilly terrains in Konkan, needs advanced solutions to manage traffic better and reduce congestion and accidents.
