NSEBagging/Receiving of orders/contracts14h ago · 5 Nov 2026, 06:54 pm
Bagging/Receiving of orders/contracts
Ashoka Buildcon Limited · ASHOKA
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Ashoka Buildcon Limited has been declared the Lowest Bidder (L-1) for a National Highways Authority of India (NHAI) project, with a quoted EPC price of Rs.865.90 Crore, excluding GST. The project involves the construction of an 8-lane access-controlled Expressway from Km 128.0 to Km 154.6 of the Vadodara-Mumbai Expressway (Karvad to Jujuwa section) in Gujarat.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Ashoka Buildcon Limited has informed the Exchange that the company is declared L1 for National Highways Authority of India (NHAI) Project
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Ashoka Buildcon Limited
To To
The Manager The Manager
The Department of Corporate Services The Listing Department
BSE Limited National Stock Exchange of India Limited
Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Scrip Code: 533271 Scrip Symbol: ASHOKA Eq.
Debt Codes: CPs -730851/731112/731487/732069/732127/732724
Subject: L1 for National Highways Authority of India (NHAI) Projects
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, Ashoka Buildcon Limited (“the Company”) informs that the Company had submitted bid for the
following Project of National Highways Authority of India (NHAI).
Further to apprise that the Company has been declared as the Lowest Bidder (L-1) for the said Project.
The quoted EPC Price for the Project is Rs.865.90 Crore, excl. GST.
The details required pursuant to Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated January 30, 2026 are given in Annexure I.
This is for your kind information.
Yours faithfully,
For Ashoka Buildcon Limited
(Manoj A Kulkarni)
Company Secretary
ICSI M. No.: FCS 7377
Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India
Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com
CIN: L45200MH1993PLC071970
Ashoka Buildcon Limited
Annexure I
Particulars Details of the Project
1 Name of the entity awarding the National Highways Authority
order(s)/contract(s) of India (NHAI)
2 Significant terms and conditions - Engineering Procurement
of order(s)/contract(s) awarded Construction (EPC) Mode
- Defect Liability Period of 10
years
3 Whether order(s) / contract(s) Domestic Entity
have been awarded by domestic/
international entity
4 Nature of order(s) / contract(s) Request for Proposal for
Balance Work for
Construction of 8-lane
access-controlled
Expressway from Km 128.0 to
Km 154.6 of Vadodara -
Mumbai Expressway (Karvad
to Jujuwa section) in Gujarat
on EPC mode (Pkg-IX)’
5 Whether Domestic or Domestic
International
6 Time period by which the 18 months
order(s)/ contract(s) is to be
executed
7 Broad consideration or size of the Quoted EPC Price for the
order(s) / contract(s) Project Rs.865.90 Crore
excluding GST
8 Whether the promoter/ promoter
group / group companies have
any interest in the entity that
awarded the Not Applicable
order(s)/contract(s)? If Yes,
nature of interest and details
thereof
9 Whether the order(s) / contract(s)
would fall within Related Party
Not Applicable
Transactions? If yes, whether the
same is done at "arm’s length"
Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India
Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com
CIN: L45200MH1993PLC071970