Ashoka Buildcon Limited has informed the Exchange about General Updates
ASHOKA · price
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Ashoka Buildcon, along with its subsidiary Ashoka Purestudy Technologies (APTPL), has received Letters of Intent from the Motor Vehicles Department, Maharashtra for setting up Intelligent Traffic Management Systems across five circles: Nagpur, Mumbai, Pune, Konkan & Western Maharashtra, and Marathwada. The total estimated project cost is approximately Rs. 1,387 crore including GST, with Mumbai and Konkan & Western MH being the largest at Rs. 291.49 crore and Rs. 315.54 crore respectively. The work involves design, implementation, integration, operation, and maintenance of the systems over a 15-month implementation period followed by 10 years of operation and maintenance. Exact order value will be confirmed once the formal work order is issued.
This is a significant order win from a state government entity, adding meaningful revenue visibility over both the short-term implementation phase and the long-term 10-year maintenance period. Shareholders can view this positively as it diversifies the company's order book beyond traditional road construction into smart city and traffic management infrastructure.