Ashoka Buildcon Limited — New Orders, 06-01-2025: Bagging/Receiving of orders/contracts

Ashoka Buildcon Limited has executed a Concession Agreement with the National Highways Authority of India (NHAI) through its wholly owned subsidiary, Ashoka Bowaichandi Guskara Road Private Limited. This agreement pertains to the development of a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road, spanning the NH 116A section from Km 89.814 to Km 133.000 in West Bengal. The accepted bid project cost for this initiative is ₹1,391 Crore, and the execution timeline is set for 910 days, including the monsoon period. This project positions the company strategically in the growing infrastructure sector, indicating a positive outlook for future revenue and market expansion opportunities. Investors should monitor this development closely for its potential impact on the company's financial performance.