Ashoka Buildcon JV wins BMC Mithi River project worth Rs 1,815.79 Crore

Order above 5% of revenueGovernment or defence orderBusiness Updates View source PDF Explain this filing

ASHOKA · price

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Price reactionminutes from the announcement price · days from the prior close

+2.4%Reaction day

₹163.99

prior close

₹168.15

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+2.0% vs market

Civil Construction peers, median of 96sector+0.8%+1.6% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.4+0.4+2.0+0.8+1.6

Next day

+0.8+0.7+0.1+1.7-0.9

+3.2+1.2+2.0+2.1+1.1

+6.7+0.6+6.2+0.9+5.8

+4.3-0.3+4.6-0.1+4.4

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15d

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-26.2-8.3-18.0-12.9-13.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ashoka Buildcon, in a JV with Adani Road Transport (51%) and Aakshaya Infra (23%), has received a Letter of Acceptance from Brihanmumbai Municipal Corporation for the Mithi River Development and Pollution Control Project, Package III. Total bid price is Rs 1,815.79 Crore excluding GST. Work includes 48 months for design and build plus 10 years of operation and maintenance. Ashoka holds 26% in the JV, so its share is about Rs 472 Crore.

Likely market impact

Major domestic government order boosting order book with 10 years of O&M revenue. Ashoka share about Rs 472 Crore, likely above 5 percent of annual revenue.