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Ashoka Buildcon JV Receives ₹1,815.79 Crore BMC Project
Ashoka Buildcon, in a joint venture (Adani-Ashoka-Aakshaya), has received a Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) for the Mithi River Development and Pollution Control Project. Ashoka Buildcon holds a 26% stake in the JV, with Adani Road Transport Limited holding 51% and Aakshaya Infra Projects Private Limited holding 23%. The accepted bid price for the project is ₹1,815.79 Crore, excluding GST. The project involves design, build, and operate model including 10 years of operation and maintenance.
Key Highlights
Project value is ₹1,815.79 Crore excluding GST
Ashoka Buildcon holds 26% stake in the Joint Venture
10 years of Operation and Maintenance work included in the project
Design and Build work to be completed in 48 months excluding monsoon period
💼 Action for Investors
Investors should monitor the project's progress and its impact on Ashoka Buildcon's revenue and profitability. Keep an eye on future announcements related to this project and other order wins.
Ashoka Buildcon Secures Rs 447.21 Cr Additional Work Order from BMC
Ashoka Buildcon has been awarded an additional scope of work by the Brihanmumbai Municipal Corporation (BMC) for an existing flyover project in Mumbai. The new work order is valued at Rs 447.21 crore, significantly boosting the total project value to Rs 1,573.79 crore. This project involves the construction of flyover arms at the T Junction on the Sion Panvel Highway. The revised completion timeline for the entire project is now set for January 13, 2028.
Key Highlights
Received additional work order worth Rs 447.21 crore from Brihanmumbai Municipal Corporation (BMC)
Aggregate project cost for the Sion Panvel Highway flyover increased to Rs 1,573.79 crore
Project involves construction of Flyover Arm-1 and Arm-2 at Maharashtra Nagar
Revised completion deadline for the total project scope is January 13, 2028
The contract is based on a percentage rate domestic entity award
💼 Action for Investors
Investors should view this as a positive development that strengthens the company's order book and revenue visibility through 2028. Monitor the company's execution pace and margin performance on this large-scale urban infrastructure project.