Ashoka Buildcon Share Price in Focus; Bags ₹602 Crore RVNL Order

Ashoka Buildcon has received a Letter of Acceptance from Rail Vikas Nigam Limited (RVNL) for a ₹602.16 crore project in Uttarakhand. The LOA, dated August 28, 2026, covers work for the Rishikesh-Karnprayag New BG Rail Line Project.  

The order is for Package-3 under Package E-4 and involves the electrical and mechanical systems for four tunnels. The company will take up the work at tunnels T-13, T-14, T-15 and T-16.  

₹602 Crore Order Covers Four Tunnels 

The work will include the supply, erection, testing and commissioning of E&M systems. This covers GIS substations, HT and LT cables, DG sets, lighting, UPS systems, ventilation and fire-fighting systems. 

The order also includes other associated works required for the four tunnels under the rail line project. The total contract value stands at ₹602.16 crore, including GST.  

Work to Be Completed in 30 Months 

Ashoka Buildcon has been given 30 months from the date of commencement to complete the project. The contract has been awarded by RVNL, a domestic entity.  

The company will also provide a ₹25.51 crore performance bank guarantee to RVNL. The filing mentions a two-year defect liability period for the project.  

About Ashoka Buildcon 

Ashoka Buildcon Limited is an infrastructure company based in Nashik, Maharashtra. Its business includes infrastructure construction and development projects, with the company also taking up work in the transportation and related infrastructure space.  

The latest order adds another railway project to its order book, with the company now taking responsibility for key E&M work across four tunnels on the Rishikesh-Karnprayag line. 

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Ashoka Buildcon Share Price Performance  

As of 28 August 2026, Ashoka Buildcon Limited share price closed at ₹112.92 per share, reflecting a decline of 0.11% from the previous trading session. 

Conclusion 

Ashoka Buildcon has added a ₹602.16 crore RVNL order to its project pipeline. The Uttarakhand contract covers E&M work across four tunnels and is scheduled for completion within 30 months from commencement. 

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