Ashoka Buildcon Secures $35.42 Million Highway Project in Guyana
Ashoka Buildcon Limited has won an international contract worth GYD$ 7,455,455,867 ($35.42 Million USD) from the Central Housing and Planning Authority, Guyana, for the construction of a four-lane highway from Versailles, West Bank Demerara to Parika, East Bank Essequibo, Region No. 3 (Lot 8). The project, to be executed on an item rate basis, is to be completed within 20 months from the commencement date, further strengthening the company's overseas infrastructure presence.
*this image is generated using AI for illustrative purposes only.
Ashoka Buildcon Limited has secured an international order worth GYD$ 7,455,455,867 ($35.42 Million USD) from the Central Housing and Planning Authority, Guyana. The project involves the construction of a four-lane highway from Versailles, West Bank Demerara to Parika, East Bank Essequibo, Region No. 3. This contract expands the company's footprint in the overseas infrastructure segment.
The Letter of Acceptance was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific scope of work covers Lot 8 of the project, which will be executed on an item rate basis. The entire construction work is to be completed within a period of 20 months from the commencement date.
Project Details
The following table outlines the key particulars of the order received by Ashoka Buildcon Limited:
| Sr. No. | Particulars | Details of the Project |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s) | Central Housing and Planning Authority, Guyana |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded | Construction of Four (4) Lane Highway from Versailles, West Bank Demerara to Parika, East Bank Essequibo, Region No.3. – Lot 8 |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Overseas Entity |
| 4 | Nature of order(s) / contract(s) | Item Rate |
| 5 | Whether Domestic or International | Overseas |
| 6 | Time period by which the order(s) / contract(s) is to be executed | 20 months |
| 7 | Broad consideration or size of the order(s) / contract(s) | GYD$ 7,455,455,867 ($35.42 Million USD) |
The disclosure confirms that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. Furthermore, the transaction does not fall under Related Party Transactions. The trading window for designated persons of the company and their immediate relatives will remain closed until 48 hours after the declaration of this information.
Historical Stock Returns for Ashoka Buildcon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.88% | +0.33% | +7.23% | -23.24% | -37.17% | +26.61% |
How will this international order impact Ashoka Buildcon's revenue diversification and reliance on domestic markets?
What are the potential risks associated with executing infrastructure projects in Guyana, such as regulatory or logistical challenges?
Could this contract pave the way for Ashoka Buildcon to secure more international orders in the Caribbean or other regions?
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