Ashoka Buildcon Share Price Gains Over 11%; Receives LOA for Over $58.9 Million Solar Project in Bhutan

On November 11, 2026, Ashoka Buildcon Limited informed the BSE Limited and the National Stock Exchange of India Limited about receiving a Letter of Acceptance (LOA) for a solar power project in Bhutan, as per the exchange filings.  

The international contract was awarded by Druk Green Power Corporation Limited, Bhutan, for a broad consideration of $5,89,00,976.45. 

Ashoka Buildcon Secures 120 MWp Solar PV Power Plant Contract 

The project involves the design, supply, installation, testing, and commissioning of the 120 MWp Wobthang Solar PV Power Plant. Ashoka Buildcon Limited had submitted a bid for this work to Druk Green Power Corporation Limited before receiving the official Letter of Acceptance.  

The total value of the international order stands at $5,89,00,976.45 (United States Dollars Fifty-Eight Million Nine Hundred Thousand Nine Hundred Seventy-Six and Forty Five Cent). 

Execution Timeline and Contract Terms 

The contract will be executed on a design build mode as specified in the agreement. Ashoka Buildcon Limited is scheduled to complete the project within a period of 18 months from the date of commencement. Following the completion, the contract includes a defect liability period of 24 months. 

Read More: Adani Power Share Price in Focus; Accelerates Work on ₹30,000 Crore Odisha Project! 

Regulatory Disclosures and Trading Window Closure 

The company confirmed that neither the promoter nor the promoter group has any interest in Druk Green Power Corporation Limited. Consequently, the international order does not fall within related party transactions.  

Additionally, the trading window for designated persons and their immediate relatives will remain closed for 48 hours after the exchange disclosure. 

Ashoka Buildcon Share Price Performance   

As of November 11, 2026, at 3:30 PM, Ashoka Buildcon share price on NSE was closed at ₹114.38, up by 11.11% from the previous closing price. 

Conclusion 

Ashoka Buildcon Limited received a Letter of Acceptance from Druk Green Power Corporation Limited on November 11, 2026, for a 120 MWp solar project in Bhutan valued at $5,89,00,976.45, with an 18 month completion period. 

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