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Ashoka Buildcon Gets ₹307.71 Crore PWD Daman Bridge LOA

Synopsis:


Ashoka Buildcon has received a Letter of Acceptance from PWD Daman for a ₹307.71 crore bridge project. The project involves constructing a signature bridge between Jampore and Devka Sea Fronts on a design, build and operate basis within 30 months.


Source:
 Ashoka Buildcon Limited Press Release (NSE Exchange Filings) | Published on Jan 22, 2026

Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.

As quoted in the press release from Ashoka Buildcon Limited (NSE Exchange Filings), the company has received a Letter of Acceptance from the Public Works Department, Daman, for the construction of a proposed signature bridge. The project connects Jampore Sea Front road near the Lighthouse to Devka Sea Front road at Parkota Sheri, Daman.

The disclosure was submitted to the National Stock Exchange of India and BSE Limited on 22 January 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The accepted bid price for the project stands at ₹307.71 crore, excluding goods and services tax.

According to the regulatory filing, the project was given by a government agency in the United States and will be done on a plan, build, and operate basis.

Read More: ONGC Completes ₹40 Crore Investment in Ethane Logistics JVs

Ashoka Buildcon Ltd

Trade

146.942.40 (1.66 %)

Updated - 23 January 2026
151.00day high
DAY HIGH
146.20day low
DAY LOW
765698
VOLUME (BSE)

Key Takeaways

  • PWD Daman sent a letter of acceptance to Ashoka Buildcon.

  • As part of the project, a signature bridge will link two Daman beachfronts.

  • The accepted project value, without GST, is ₹307.71 crore.

  • Design, build, and run is the execution plan.

  • The building process will take 30 months.

Project Scope & Execution

As per the filing from the Exchange, this project is centered around creating a ‘signature bridge’ that will connect the Jampore Sea Front Road, located near the Lighthouse to Devka Sea Front Road in Parcota Sheri, Daman. The scope of work related to the project is categorized as ‘Infrastructure Construction’ (Domestic) within this category.

In accordance with the Letter of Acceptance, the design and build phase of this project is expected to be completed after thirty (30) months. The project has been awarded by the Public Works Department, Work Division-I, Moti Daman.

The company has confirmed that the order does not fall under related party transactions. The promoter, promoter group, or group companies do not have any interest in the awarding authority, as disclosed in the annexure attached to the filing.

Letter of Acceptance and Regulatory Disclosure

Ashoka Buildcon Limited submitted its bid for the project prior to receiving the Letter of Acceptance. The information shows that the deal was accepted at the price of ₹307.71 crore, which does not include any taxes that would have been due.

The company also stated that the trading window for designated persons and their immediate relatives remains closed in line with internal policies and regulatory requirements. This disclosure was made for information and record purposes.

The filing has all the information needed by the SEBI master circular from November 11, 2024. It includes the size of the consideration, the duration of the project, the authority giving the reward, and the scope of the project.

A Quick Look at the Project

Details and specifics

Information

Awarding authority

Public Works Department, Daman

Type of project

Building a signature bridge from the seafront in Jampore to the seafront in Devka, Daman

Model of execution

Plan, build, and run

Value of the project

₹307.71 crore (without GST)

Timeline for finishing

30 months

Ashoka Buildcon Share Price Update

From the National Stock Exchange, we know that the Ashoka Buildcon share price was at ₹144.50 at 15:30 PM IST on January 22, 2026. Ashoka Buildcon's share price went up by ₹3.26, which is equal to 2.31 percent during the trade session. During the session, Ashoka Buildcon's share price opened at ₹142.13, touched an intraday high of ₹146.74, and recorded a low of ₹142.00. The previous closing price stood at ₹141.24.

Published Date : 23 Jan 2026

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