Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) for a project from Maharashtra State Electricity Transmission Co. Limited (MSETCL). The project, valued at Rs. 311.92 crore (inclusive of GST), marks another significant milestone for the company in the infrastructure sector. The announcement was made as per SEBI’s disclosure regulations.

Ashoka Buildcon Wins MSETCL Project with Rs. 311.92 Crore Bid

In a significant development, Ashoka Buildcon Limited has secured a Letter of Acceptance (LOA) from Maharashtra State Electricity Transmission Co. Limited (MSETCL) for a crucial project. The company informed stock exchanges about this update, complying with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details

Ashoka Buildcon had submitted a bid for a project under MSETCL, which has now been officially accepted. The total bid price for the project stands at Rs. 311.92 crore, including GST. While the specific details of the project are yet to be disclosed in detail, the official communication states that relevant information is provided in Annexure A as per SEBI’s compliance norms.

Winning such projects strengthens Ashoka Buildcon’s position in the infrastructure and power transmission sectors. Investors and stakeholders will be keenly observing further developments, including execution plans, project funding, and potential revenue growth.

Disclaimer

This article is for informational purposes only and should not be considered financial advice. The content is based on publicly available information from Ashoka Buildcon Limited’s official disclosure. Readers should conduct their own research or consult financial experts before making investment decisions. Sensexnifty.com does not hold responsibility for any investment choices made based on this article.