Ivory Coast drinking water EPC contract closed early

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

-0.9%Reaction day

₹195.78

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.2% vs market

Civil Construction peers, median of 91sector-0.5%-0.4% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.4 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.

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AI summary

Ashoka Buildcon and Serneke International ended the Ivory Coast drinking water EPC contract early. The project involved building 100 wells and supplying and installing a water unit for 35 villages, with a bid price of EUR 18.50 million. Delays in approvals, land availability and drawing approvals led to closure on September 19, 2025. Neither party has further obligations, and the company says there is no negative financial impact.

Likely market impact

Neutral for shareholders: the project was settled without further obligations, and Ashoka Buildcon expects no negative financial impact.