Ashoka Buildcon Secures ₹3.12 Billion MSETCL Project for 400/220 KV Substation in Amravati
Ashoka Buildcon Limited has received a Letter of Acceptance from Maharashtra State Electricity Transmission Co. Limited for a ₹3.12 billion project. The contract involves establishing a 400/220 KV substation in Nandgaon Peth, Amravati, along with associated transmission lines. The turnkey project includes supply, erection, testing, commissioning, and civil works, to be completed within 18 months, excluding monsoon periods.

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Ashoka Buildcon Limited (ABL), a prominent infrastructure development company, has announced a significant win in its order book. The company has received a Letter of Acceptance (LOA) from Maharashtra State Electricity Transmission Co. Limited (MSETCL) for a major power infrastructure project valued at ₹3.12 billion (₹311.92 crore), inclusive of GST.
Project Details
The project awarded to Ashoka Buildcon involves the establishment of a 400/220 KV substation at Nandgaon Peth, District Amravati, along with associated transmission lines under the Amravati Zone of MSETCL. This turnkey works contract encompasses supply, erection, testing, commissioning (ETC), and civil works related to the substation.
Scope and Timeline
As per the LODR (Listing Obligations and Disclosure Requirements) filing by the company, the project has been classified as a domestic order. The scope of work includes:
- Supply of necessary equipment and materials
- Erection, Testing, and Commissioning (ETC) of the substation
- Civil construction works for the 400/220 KV substation
Ashoka Buildcon is expected to complete the project within 18 calendar months, excluding the monsoon period, highlighting the company's commitment to timely delivery of critical infrastructure.
Strategic Importance
This contract win underscores Ashoka Buildcon's strong position in the power transmission and distribution sector. The project aligns with Maharashtra's efforts to enhance its power infrastructure, potentially improving electricity transmission capacity and reliability in the Amravati region.
Financial Impact
The announcement of this substantial project is likely to be viewed positively by investors, as it adds to Ashoka Buildcon's order book and demonstrates the company's continued ability to secure large-scale infrastructure projects. The contract's value of ₹3.12 billion represents a significant boost to the company's revenue pipeline.
Conclusion
Ashoka Buildcon's success in winning this MSETCL project reaffirms its expertise in executing complex power infrastructure projects and its strong relationship with state utilities. As the company moves forward with this new venture, stakeholders will be keen to observe its execution capabilities and the potential impact on its financial performance in the coming quarters.
Historical Stock Returns for Ashoka Buildcon
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.01% | +4.18% | +15.53% | -22.19% | +13.92% | +200.76% |