Ashoka Buildcon JV Secures ₹1,041 Crore Infrastructure Project

Ashoka Buildcon Limited has successfully augmented its order book with a significant contract win from the Brihanmumbai Municipal Corporation (BMC). This development highlights the company’s continued competitiveness in the urban infrastructure and EPC (Engineering, Procurement, and Construction) space. Transaction Overview Client: Brihanmumbai Municipal Corporation (BMC). Award Value: ₹1,041.44 Crore (Inclusive of GST). Executing Entity: Ashoka–Aakshaya Joint Venture. Shareholding Structure: Ashoka Buildcon Ltd: 51% (Lead Member). Aakshya Infra Projects Pvt Ltd: 49%. Project Scope & Timeline The mandate involves the construction of a strategic flyover in Mumbai to improve urban connectivity. Route: Connects J.J. Bridge to Sitaram Selam Bridge (Y Bridge) at the junction of J.J. Road and Saboo Siddik Polytechnic Road ('E' Ward). Execution Model: EPC Basis. Completion Timeline: 24 Months (excluding the monsoon period). Strategic Implications This contract provides strong revenue visibility for Ashoka Buildcon over the next two fiscal years. By securing the lead position in this JV, the company reinforces its expertise in delivering complex urban mobility solutions within high-density corridors. The exclusion of the monsoon season from the execution timeline mitigates weather-related operational risks, protecting project margins. Regulatory Notice In compliance with SEBI (Prohibition of Insider Trading) Regulations, the trading window for designated persons and their immediate relatives remains closed until 48 hours following this disclosure.