Ashoka Buildcon Wins Highway Contract in Guyana
ROADS & HIGHWAYS

Ashoka Buildcon Wins Highway Contract in Guyana

Ashoka Buildcon Ltd has received a Letter of Acceptance from the Central Housing and Planning Authority of Guyana for the construction of a four-lane highway. The contract, awarded by an overseas entity, is valued at GYD 7.46 bn, equivalent to about US$35.42 mn. The company has said the work will be executed on an item-rate basis over a period of 20 months.

The scope covers construction of a four-lane highway from Versailles, West Bank Demerara, to Parika, East Bank Essequibo, designated as Lot eight in Region number three. The project will be undertaken as per the terms in the LoA and is expected to follow standard construction milestones and payment schedules. Ashoka Buildcon has indicated that neither its promoters nor group companies hold any interest in the awarding authority and that the contract does not qualify as a related-party transaction.

Shares of the company closed at Rs131.03 apiece on Thursday, June 25, down 2.51 per cent for the day. This represents the company's second contract win in less than two weeks following a Letter of Acceptance received on June 13 from the Chhattisgarh State Industrial Development Corporation for development of a Gems and Jewellery Park in Raipur under a public-private partnership. The Raipur project is structured under a lease model with a premium payment and an initial lease period of 30 years.

The premium for the Raipur project was reported as Rs1.124 bn, reflecting the conversion from the stated figure in crore. The lease is extendable up to 90 years under the agreement, which the company described as part of its strategic expansion in infrastructure and asset development. The latest order adds to Ashoka Buildcon's order book and underscores its focus on overseas and domestic opportunities.

Ashoka Buildcon Ltd has received a Letter of Acceptance from the Central Housing and Planning Authority of Guyana for the construction of a four-lane highway. The contract, awarded by an overseas entity, is valued at GYD 7.46 bn, equivalent to about US$35.42 mn. The company has said the work will be executed on an item-rate basis over a period of 20 months. The scope covers construction of a four-lane highway from Versailles, West Bank Demerara, to Parika, East Bank Essequibo, designated as Lot eight in Region number three. The project will be undertaken as per the terms in the LoA and is expected to follow standard construction milestones and payment schedules. Ashoka Buildcon has indicated that neither its promoters nor group companies hold any interest in the awarding authority and that the contract does not qualify as a related-party transaction. Shares of the company closed at Rs131.03 apiece on Thursday, June 25, down 2.51 per cent for the day. This represents the company's second contract win in less than two weeks following a Letter of Acceptance received on June 13 from the Chhattisgarh State Industrial Development Corporation for development of a Gems and Jewellery Park in Raipur under a public-private partnership. The Raipur project is structured under a lease model with a premium payment and an initial lease period of 30 years. The premium for the Raipur project was reported as Rs1.124 bn, reflecting the conversion from the stated figure in crore. The lease is extendable up to 90 years under the agreement, which the company described as part of its strategic expansion in infrastructure and asset development. The latest order adds to Ashoka Buildcon's order book and underscores its focus on overseas and domestic opportunities.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement