Ashoka Buildcon Limited — New Orders, 25-11-2024: Awarding of order(s)/contract(s)

Ashoka Buildcon Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor project from Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) along NH 116A in West Bengal. The project's accepted bid cost is ₹1,391 Crore, excluding GST, and it is to be executed within 910 days, including the monsoon season. This award marks a significant development for the company, reinforcing its position in the infrastructure sector and indicating potential revenue growth. Investors should watch closely as successful execution could enhance Ashoka Buildcon’s operational portfolio and financial performance.