Ashoka Buildcon Limited has informed the Exchange about Receipt of Letter of Acceptance for the project of Central Railway.
ASHOKA · price
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Ashoka Buildcon has received a Letter of Acceptance from Central Railway for a gauge conversion project between Pachora and Jamner (approx. 53.3 km). The scope involves earthwork, major and minor bridges, RUBs, P. Way work, and miscellaneous civil works. The accepted contract value is Rs. 568.86 crore including GST, to be executed over 913 days on an EPC basis. This is a follow-up to the company's earlier disclosure dated April 12, 2025, confirming the bid was successful.
This is a sizable new order from a government client (Central Railway) that strengthens the company's order book and provides revenue visibility over the next ~2.5 years. It is a positive development that could support the stock sentiment, though the company already had a strong EPC pipeline in the railway and road segments.