Ashoka Buildcon Secures Angola Project Worth ₹602 Crore
Ashoka Buildcon 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 contract value is USD 72,359,639.46 (approx. ₹602 crore) and is to be executed within 24 months.
The contract value is substantial and represents new business for the company, although its overall impact will depend on the company's existing order book and profitability margins.
The company has secured a significant international contract, which is positive for its business growth and revenue prospects.
Ashoka Buildcon Limited has announced the receipt of a Letter of Contract Acceptance from the Ministry of Energy and Water, Republic of Angola, for the 'Electricity Sector Improvement and Access Project'.
The project involves the Design, Supply, Installation, and Commissioning of the Rehabilitation of Distribution Networks for Lot 5 Luanda City 2, in the Republic of Angola.
The accepted bid cost for this international contract is USD 72,359,639.46, which is approximately ₹602 crore (USD 1 = ₹83.25). The execution period for this order is 24 months.
The company has also informed that the trading window for designated persons and their immediate relatives is closed until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026.
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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.