Ashoka Buildcon Secures ₹290.23 Crore EPC Project from North Eastern Railway
Ashoka Buildcon Limited received a Letter of Acceptance from North Eastern Railway for an EPC project worth ₹290.23 Crore. The project involves designing, supplying, erecting, testing, and commissioning traction sub stations and switching posts. The contract has a completion period of 24 months.
The value of the order is significant and will contribute to the company's revenue, but it represents a portion of the company's overall business.
The company has secured a new order, which is a positive development for its business and revenue prospects.
Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from North Eastern Railway for a significant project. The contract, valued at ₹290.23 Crore (including GST), is for the 'Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for 2x25 KV AT traction feeding system in Gorakhpur Cantt -Chhapra Gramin section of Varanasi Division of North Eastern Railway for capacity up-gradation work of electric traction power supply installations on Engineering, Procurement & Construction (EPC) Mode'.
This project is to be executed on an EPC mode, with a Performance Bank Guarantee (PBG) of 5% of the contract price and a Defect Liability Period of 2 years. The completion period for this contract is 24 months from the date of commencement. The company also informed that the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the disclosure is made to the exchanges.
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Ashoka Buildcon Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ashoka Buildcon Limited. Read the original for the full detail.