Ashoka Buildcon Secures Rs 5.62 Billion Guyana Road Contract

24 Jun 2025 CW Team

Ashoka Buildcon Ltd has formally signed a contract with the Government of Guyana for Phase 2 of the East Bank–East Coast Road Linkage Project, covering the stretch from Eccles to Providence. The international contract is valued at USD 67.25 million, equivalent to approximately Rs 5.62 billion, and will be executed within 18 months.

The company had earlier received the Letter of Acceptance (LoA) from Guyana’s Public Works Department on 18 June 2025. This development marks a key overseas order win for Ashoka Buildcon, reinforcing its presence in international road and infrastructure markets.

The project will be executed under an item rate contract model and is part of Guyana’s broader initiative to enhance connectivity between vital economic corridors.

Ashoka Buildcon clarified in a regulatory filing that the contract involves no related party interest and does not constitute a related party transaction.

This contract adds to the company’s expanding global portfolio and underscores its expertise in delivering complex road infrastructure projects outside India.

As of 2:02 PM on the day of the announcement, shares of Ashoka Buildcon were trading at Rs 202.40 on the NSE, down 1.05 per cent after recovering from an intraday low of Rs 198.22.

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