Ashoka Buildcon Share Price in Focus; JV Secures ₹1,041 Crore BMC LoA for Flyover Project

Ashoka Buildcon Limited has announced the receipt of a Letter of Acceptance (LoA) for a significant infrastructure project from the Brihanmumbai Municipal Corporation (BMC).  

The project involves the construction of a flyover connecting J.J. Bridge and Sitaram Selam Bridge, valued at ₹1,041.44 crore, including GST. 

Details of the BMC Flyover Project 

The joint venture (JV) between Ashoka Buildcon Limited and Aakshaya Infra Projects Private Limited, with Ashoka Buildcon holding a 51% stake, has been awarded the contract by BMC.  

The project entails the construction of a flyover at J.J. Road and Saboo Siddik Polytechnic Road Junction in the "E" Ward of Mumbai. The project is valued at ₹1,041.44 crore, inclusive of GST. 

Project Timeline and Execution 

The construction of the flyover is expected to be completed within a 24-month period, excluding the monsoon season. This timeline is crucial for ensuring minimal disruption to the city's traffic and infrastructure development plans. 

Read More: Ashoka Buildcon JV Secures ₹1,816 Crore BMC LoA for Mithi River Development Project and Pollution Control! 

Financial Implications and Contract Details 

The project is structured as an Engineering, Procurement, and Construction (EPC) contract. It represents a significant addition to Ashoka Buildcon's portfolio, reinforcing its position in the infrastructure sector. The project is entirely domestic, with no related party transactions involved. 

Ashoka Buildcon Share Price Performance  

As of December 15, 2025, at 9:16 AM, Ashoka Buildcon share price on NSE was trading at ₹168.41 up by 1.79% from the previous closing price. 

Conclusion 

Ashoka Buildcon's successful bid for the BMC flyover project underscores its capability in executing large-scale infrastructure projects. The joint venture with Aakshaya Infra Projects is set to deliver a critical infrastructure asset for Mumbai, enhancing urban mobility and connectivity. 

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