Ashoka Buildcon has received the Letter of Acceptance (LoA) for a major infrastructure project from the Brihanmumbai Municipal Corporation (BMC). The project, valued at ₹1,815.79 crores excluding GST, involves the Mithi River Development and Pollution Control Project (Package III), representing a significant milestone for the company's infrastructure portfolio. The project bid price has been confirmed at ₹18.16 billion.

Project Details and Scope

The comprehensive project encompasses Dry Weather Flow Interception at Tidal Outfalls (including Gate Pumps), Transfer Sewer, Training of River, Service Road, Retaining Wall and Allied Works. The scope extends from CST Bridge Kurla to Mahim Causeway including Vakola River on a Design, Build and Operate model.

Joint Venture Partnership Structure

The project will be executed through the M/s Adani-Ashoka-Aakshaya Joint Venture, bringing together expertise from three infrastructure companies. The partnership demonstrates a strategic collaboration for handling large-scale municipal infrastructure development.

Strategic Significance

The Letter of Acceptance confirms Ashoka Buildcon's successful bid participation in this substantial BMC infrastructure initiative. The project focuses on critical environmental infrastructure, addressing river development and pollution control measures in the Mumbai metropolitan region.

The 48-month construction timeline, excluding monsoon periods, followed by a 10-year operation and maintenance phase, ensures long-term revenue visibility for the joint venture partners. This project structure aligns with the Design, Build and Operate model, providing comprehensive project lifecycle involvement.

Market Impact

This contract win significantly strengthens Ashoka Buildcon's order book and reinforces its position in the municipal infrastructure segment. The company's 26% stake in the joint venture ensures substantial participation in project execution while benefiting from the partnership with Adani Road Transport Limited as the lead member.

Ashoka Buildcon Limited , a prominent infrastructure development company, has received significant relief from the Delhi High Court regarding its temporary suspension by the National Highways Authority of India (NHAI) following a tragic girder collapse incident during construction activities.

Court Provides Relief from Suspension

The Delhi High Court, through its order dated December 08, 2025, has kept Para 4 of the NHAI Show Cause Notice in abeyance. The company received the court order on December 11, 2025, at 13:30 IST, providing immediate relief from the temporary suspension that was affecting its bidding capabilities.

Structured Timeline for Resolution

The court has established a clear framework for resolving the matter:

Background of the Incident

The original incident occurred during the construction of a six-lane Elevated Corridor on National Highway 66 (NH-66) from Aroor to Thuravoor Thekku section. The collapse of two precast Prestressed Concrete (PSC) girders resulted in one girder falling onto a commercial vehicle, causing the fatality of the driver.

NHAI's Initial Response

NHAI had issued a Show Cause Notice on November 26, 2025, and imposed a temporary suspension from participation in ongoing and future NHAI bids for one month or until completion of the Expert Committee investigation, whichever was later.

Company's Position

Ashoka Buildcon has consistently maintained its position that:

• The incident resulted from sudden and unforeseeable circumstances involving hydraulic jack failure due to internal seal damages
• The girder fell on a moving goods carrier vehicle that had forcibly entered a prohibited construction zone
• All safety precautions and protocols were implemented in line with Good Industrial Practices and contractual requirements

Current Status and Operations

With the court's intervention, the temporary suspension decision has been kept in abeyance until the conclusion of the structured process outlined by the Delhi High Court. All other operations of the company remain unaffected, and the company continues to assess the financial impact of the incident while maintaining compliance with regulatory requirements.