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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..