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Ashoka Buildcon Secures Rs 447.21 Cr Additional Work Order from BMC
Ashoka Buildcon has been awarded an additional scope of work by the Brihanmumbai Municipal Corporation (BMC) for an existing flyover project in Mumbai. The new work order is valued at Rs 447.21 crore, significantly boosting the total project value to Rs 1,573.79 crore. This project involves the construction of flyover arms at the T Junction on the Sion Panvel Highway. The revised completion timeline for the entire project is now set for January 13, 2028.
Key Highlights
Received additional work order worth Rs 447.21 crore from Brihanmumbai Municipal Corporation (BMC)
Aggregate project cost for the Sion Panvel Highway flyover increased to Rs 1,573.79 crore
Project involves construction of Flyover Arm-1 and Arm-2 at Maharashtra Nagar
Revised completion deadline for the total project scope is January 13, 2028
The contract is based on a percentage rate domestic entity award
👀 What to Watch
Investors should view this as a positive development that strengthens the company's order book and revenue visibility through 2028. Monitor the company's execution pace and margin performance on this large-scale urban infrastructure project.
