Ashoka Buildcon Secures ₹866 Cr NHAI Order

ASHOKA has received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for an infrastructure project with an accepted EPC price of ₹865.90 crore, excluding GST. The company disclosed the development on November 9, 2026. The project involves balance work for the construction of a 26.6-km, 8-lane access-controlled expressway from Km 128.0 to Km 154.6 on the Vadodara-Mumbai Expressway, covering the Karvad to Jujuwa section in Gujarat. The contract has been awarded under the Engineering, Procurement and Construction (EPC) model. Ashoka Buildcon is required to complete the project within 18 months. The contract also carries a defect liability period of 10 years, under which the company will remain responsible for addressing specified construction defects. The order follows the company's earlier announcement that it had emerged as the lowest bidder for the project. Receipt of the LoA now confirms the project award and moves it forward towards execution. The new contract adds to the company's infrastructure project portfolio and provides additional revenue visibility over the execution period. Investors will monitor project commencement, execution progress, cost management and the company's ability to meet the stipulated timeline. Disclosure: I do not hold any position or financial interest in the mentioned stock.