Ashoka Buildcon Share Price in Focus; Bags ₹311.92 Crore Maharashtra Power Project

Ashoka Buildcon Limited, a leading infrastructure development company, has received a Letter of Acceptance (LOA) from Maharashtra State Electricity Transmission Co. Limited (MSETCL) for a significant turnkey project, the company said in a press release on the stock exchanges.

Key Highlights of the Project

• Project Name: Establishment of 400/220 KV substation at Nandgaon Peth, Amravati, including associated transmission lines.
• Awarding Entity: Maharashtra State Electricity Transmission Co. Limited (MSETCL)
• Project Value: ₹311.92 crore (including GST)
• Nature of Work: Supply, Erection, Testing, and Commissioning (ETC) along with civil construction.
• Execution Timeline: 18 calendar months (excluding monsoon season)

Strategic Importance of the Project

The awarded project involves the establishment of a high-capacity substation, a crucial component in strengthening Maharashtra’s power transmission infrastructure. The 400/220 KV substation at Nandgaon Peth will enhance electricity distribution in the Amravati Zone, improving efficiency and stability in power transmission for the region.

Impact on Ashoka Buildcon

The ₹311.92 crore project will add substantial value to the company’s order book, positively impacting its revenue and profitability in the upcoming quarters. With this contract, Ashoka Buildcon continues to expand its footprint in the power transmission segment, complementing its extensive portfolio in roads, highways, and urban infrastructure.

Ashoka Buildcon Share Price Performance

Ashoka Buildcon share price is trading at ₹177.70, reflecting a decline of ₹1.44 (-0.80%) at 10:10 AM on the NSE from the previous close of ₹179.14. The stock opened at ₹177.71, reached an intraday high of ₹180.20, and touched a low of ₹174.70.

Conclusion

With this contract, the company continues its engagement in high-value projects, further strengthening its role in India’s infrastructure development. The project is expected to be executed over 18 months, excluding the monsoon period, as per the contract terms.

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