Ashoka Buildcon Secures USD 45.28 Million Road Upgrading Contract in Liberia
Ashoka Buildcon Limited has been awarded a USD 45,276,621.07 road upgrading contract by the Ministry of Public Works, Liberia. The 24-month EPC project involves upgrading multiple road segments from Nrowkia to Barclayville, Sasstown, and Nipleppo in the Republic of Liberia. This international contract demonstrates the company's expanding presence in overseas infrastructure markets and its capability to secure substantial global projects.

*this image is generated using AI for illustrative purposes only.
Ashoka buildcon Limited has secured a significant international infrastructure contract from the Ministry of Public Works, Liberia, valued at USD 45,276,621.07. The company announced this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details and Scope
The awarded project encompasses the upgrading of multiple road segments in the Republic of Liberia. The comprehensive infrastructure development includes upgrading roads from Nrowkia (Sasstown Jn) to Barclayville and Nrowkia (Sasstown Jn) to Sasstown, along with part of Nrowkia (Sasstown Jn) to Nipleppo road.
| Project Parameter: | Details |
|---|---|
| Contract Value: | USD 45,276,621.07 |
| Awarding Authority: | Ministry of Public Works, Liberia |
| Project Type: | Engineering, Procurement and Construction (EPC) |
| Execution Timeline: | 24 months |
| Contract Nature: | International |
Contract Specifications
The Letter of Award confirms Ashoka Buildcon's successful bid submission to the Liberian authority. The project falls under the Engineering, Procurement and Construction (EPC) category, demonstrating the company's comprehensive capabilities in infrastructure development. The 24-month execution timeline indicates a substantial undertaking that will require significant resource deployment and project management expertise.
Regulatory Compliance and Disclosure
In compliance with regulatory requirements, Ashoka Buildcon has implemented trading window restrictions for designated persons and their immediate relatives, which will remain closed for 48 hours following this disclosure. The company has provided detailed project information as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Compliance Aspect: | Status |
|---|---|
| Related Party Transaction: | Not Applicable |
| Promoter Interest: | Not Applicable |
| Trading Window: | Closed for 48 hours post-disclosure |
Strategic Significance
This international contract award represents Ashoka Buildcon's continued expansion in overseas markets, particularly in African infrastructure development. The substantial contract value of over USD 45 million demonstrates the company's ability to secure significant international projects and compete effectively in global infrastructure tenders. The project's scope involving multiple road segments indicates comprehensive infrastructure development that could enhance connectivity in the region.
Historical Stock Returns for Ashoka Buildcon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.17% | -0.70% | -3.49% | -15.69% | -34.65% | +38.02% |


































