Announced Thu, 13 Aug · 15:26 IST
Ashoka Buildcon wins LoI for 400/220/132 kV AIS Sakoli power project from REC
ASHOKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹113.95
prior close
₹112.71
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.2-0.5-2.0-2.2-1.6—————
Up moveDown movePending
AI summary
Ashoka Buildcon received a Letter of Intent from REC Power Development and Consultancy for setting up a 400/220/132 kV AIS substation at Sakoli in Bhandara district. The project is on tariff based competitive bidding with a 24 month completion timeline and 35 year operation and maintenance period. Annual transmission charges are Rs 126.537 crore. A performance bank guarantee of Rs 16.70 crore must be submitted within 10 days of LoI issuance.
Likely market impact
Strengthens order book with long-term recurring revenue of about Rs 126.5 crore per year for 35 years, improving earnings visibility.