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.

Ashoka Buildcon Limited , a prominent infrastructure development company, has successfully completed the redemption of its commercial papers (CPs) worth ₹50 crore on December 23, 2025. The company had initially issued these commercial papers on February 27, 2025, as part of its short-term funding strategy.

Commercial Paper Issuance and Redemption Details

Redemption Process and Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about the successful redemption under Regulation 57(1) of SEBI (LODR) Regulations, 2015. The entire redemption amount of ₹50 crore was paid on the due date along with interest of ₹91.97 lakh. The commercial papers were issued at a discount to their face value, with the interest amount representing the difference between the issue price and face value.

Key Redemption Parameters

Regulatory Framework

The redemption follows SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, regarding the issue and listing of commercial papers and other debt instruments. This compliance demonstrates the company's adherence to regulatory requirements and transparency in financial operations.

Strategic Significance

The successful redemption of commercial papers reflects Ashoka Buildcon's financial discipline and ability to meet its short-term obligations on schedule. This issuance was part of a larger board approval to issue commercial papers up to ₹200 crore outstanding at any point in time, approved on May 22, 2024. The timely redemption strengthens the company's credibility in the short-term debt market and positions it well for future funding requirements.

Ashoka Buildcon Limited, headquartered in Nashik, Maharashtra, continues to demonstrate robust financial management practices while maintaining its focus on infrastructure development projects across India, including road construction, power transmission, and railways.