Ashoka Buildcon Share Price in Focus; Receives Letter of Acceptance for ₹865.90 Crore NHAI Project

Ashoka Buildcon Limited has secured a domestic infrastructure contract from the National Highways Authority of India. The company confirmed this development through a regulatory filing submitted to the stock exchanges following its initial project bid announcement. 

Details of the National Highways Authority of India Contract 

On November 9, 2026, Ashoka Buildcon Limited received the Letter of Acceptance for the infrastructure contract. The accepted Engineering Procurement Construction price for the project stands at ₹865.90 crore, excluding Goods and Services Tax. The project was awarded by a domestic entity, the National Highways Authority of India. 

The contract involves the Request for Proposal for Balance Work for Construction of an 8 lane access controlled Expressway. The construction spans from kilometer 128.0 to kilometer 154.6 of the Vadodara to Mumbai Expressway, specifically covering the Karvad to Jujuwa section in Gujarat.  

Execution Timeline and Operational Terms 

The infrastructure project is scheduled to be executed on Engineering Procurement Construction mode. The designated time period for the completion and execution of the entire order is 18 months. The contract includes a specified defect liability period lasting 10 years. 

The promoter, promoter group, and group companies hold no interest in the entity that awarded the contract. The transaction does not fall within related party transactions.  

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Regulatory Disclosure and Background 

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. This contract receipt follows a prior announcement made by the company to the stock exchanges on November 5, 2026. The project order remains fully domestic.  

Ashoka Buildcon Share Price Performance 

As of November 9, 2026, at 3:30 PM, Ashoka Buildcon share price on NSE was closed at ₹102.94 down by 0.25% from the previous closing price 

Conclusion 

Ashoka Buildcon Limited received a Letter of Acceptance for a ₹865.90 crore National Highways Authority of India project in Gujarat. The Engineering Procurement Construction contract spans 26.6 kilometers and has an execution timeline of 18 months.  

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