Ashoka Buildcon Limited — Important, 10-03-2025: Updates

Ashoka Buildcon Limited has received a Letter of Acceptance for a turnkey works contract from Maharashtra State Electricity Transmission Co. Limited (MSETCL) for establishing a 400/220 KV substation at Nandgaon Peth, Amravati, along with associated transmission lines. The accepted bid price for this project is ₹311.92 crore, inclusive of GST. The contract is to be executed within 18 calendar months, excluding the monsoon period. This project aligns with the company's growth strategy in the infrastructure sector and highlights its capability to secure significant domestic contracts. Investors should note the potential for revenue generation and consider the impact of project execution timelines on financial performance.