Ashoka Buildcon Limited has informed the Exchange about Receipt of Work Orders (WOs) from Motors Vehicles Department, Maharashtra for various Circles
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Ashoka Buildcon, along with its subsidiary Ashoka Purestudy Technologies, has received work orders from the Maharashtra state government's Motors Vehicles Department to set up Intelligent Traffic Management Systems (ITMS) in five circles: Nagpur, Mumbai, Pune, Marathwada, and Konkan & Western Maharashtra. The projects involve designing, implementing, operating, and maintaining these systems for a 10-year period, with a 15-month implementation window from the date of signing. The order value remains the same as disclosed in the earlier announcement dated June 5, 2025. This is a domestic government order with no related party involvement.
The order strengthens Ashoka Buildcon's order book in the smart infrastructure and traffic management segment, providing long-term revenue visibility through the 10-year O&M period. Positive for the stock as it diversifies the company beyond traditional road construction into tech-driven urban infrastructure, though the order value was already known from the prior June 5 disclosure, limiting fresh surprise.