Ashoka Buildcon Wins Angola Electricity Sector Contract

28 Apr 2026 CW Team

The contract requires design, supply, installation and commissioning of the rehabilitation of distribution networks for Lot five Luanda City two in the Republic of Angola and covers refurbishment and system upgrades across designated urban feeders. The assignment is international in nature and will be managed through the company's project execution teams with technical and logistical planning to meet quality and safety standards. The period for completion is set at 24 months from mobilisation.

The company noted that the trading window for designated persons and their immediate relatives is closed until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026 and that the measures are intended to ensure compliance with insider trading norms. The disclosure has been made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and in accordance with the master circular cited in the filing. Annexures attached to the notice set out contract particulars.

The company indicated that the promoter, promoter group and group companies have no interest in the awarding authority and that the contract does not fall within related party transactions. The board will oversee execution and compliance with contractual timelines and regulatory requirements. The original stock exchange filing contains the annexure and contact particulars cited by the company.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Ashoka Buildcon Limited has received a Letter of Contract Acceptance from the Ministry of Energy and Water of the Republic of Angola for the project titled Electricity Sector Improvement and Access Project. The accepted bid cost is United States dollar (USD) 72.36 million (mn) and the award reflects the company securing a significant international engineering and construction assignment. The company stated that the contract award follows submission and evaluation of its competitive bid to the Angolan authority and aligns with its overseas project portfolio. The contract requires design, supply, installation and commissioning of the rehabilitation of distribution networks for Lot five Luanda City two in the Republic of Angola and covers refurbishment and system upgrades across designated urban feeders. The assignment is international in nature and will be managed through the company's project execution teams with technical and logistical planning to meet quality and safety standards. The period for completion is set at 24 months from mobilisation. The company noted that the trading window for designated persons and their immediate relatives is closed until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026 and that the measures are intended to ensure compliance with insider trading norms. The disclosure has been made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and in accordance with the master circular cited in the filing. Annexures attached to the notice set out contract particulars. The company indicated that the promoter, promoter group and group companies have no interest in the awarding authority and that the contract does not fall within related party transactions. The board will oversee execution and compliance with contractual timelines and regulatory requirements. The original stock exchange filing contains the annexure and contact particulars cited by the company.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..