Ashoka Buildcon Limited has informed the Exchange about Execution of Contract Agreement with Government of Guyana, Public Works Department
ASHOKA · price
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Ashoka Buildcon has signed a contract with the Government of Guyana's Public Works Department for the 'East Bank-East Coast Road Linkage Project Phase 2 (Eccles to Providence)' worth US$ 67.25 million (approximately ₹561 crore). The company received the Letter of Acceptance and executed the agreement on June 18, 2025. The project is an international item-rate contract to be completed within 18 months. The contract is fully denominated in US dollars, giving the company hard-currency earnings.
This is a meaningful positive development — the order size is roughly 9-10% of Ashoka Buildcon's annual revenue, reinforcing its international road construction portfolio and providing USD inflows that hedge against rupee weakness. Likely to be viewed positively by the market.