Ashoka Buildcon Limited has informed the Exchange about Awarding of order(s)/contract(s)
ASHOKA · price
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Awaiting price reaction for this filing.
Ashoka Buildcon, in consortium with Railtel Corporation of India, has received a Letter of Intent from the Inspector General of Registration & Controller of Stamps (IGR), Maharashtra State, Pune. The project involves end-to-end modernization, operation, and maintenance of IT, network, cloud, and application infrastructure for the IGR offices on a turnkey basis for five years, until March 19, 2032. The expected financial impact is approximately Rs. 1,136.18 crores over the contract period, calculated at Rs. 24.75 per scanned page and an average of 9.18 crore pages per year. This is a domestic government order and actual figures may vary based on actual pages processed.
This is a sizeable multi-year government contract worth over Rs. 1,100 crores, likely providing a meaningful boost to the company's order book and revenue visibility over the next five years. The trading window for designated persons has been closed, indicating the company views this as material price-sensitive information.