Ashoka Buildcon wins USD 72.36 mn power distribution contract in Angola

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ASHOKA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹136.00

prior close

₹133.73

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.4%-0.5% vs market

Civil Construction peers, median of 101sector-1.8%-0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+0.6+1.0-0.4-0.2+0.8

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 101Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ashoka Buildcon has received a Letter of Contract Acceptance from the Ministry of Energy and Water, Republic of Angola, for the Electricity Sector Improvement and Access Project. The scope covers design, supply, installation, and commissioning of rehabilitation of distribution networks for Lot 5 in Luanda City 2. Contract value is USD 72.36 million (approx. ₹600 crore), to be executed in 24 months. It is an international order with no related party involvement.

Likely market impact

Strengthens order book and international footprint; positive diversification signal into African infrastructure markets.