BAJAJ BROKING

Notification close image
No new Notification messages
card image
Seshaasai Technologies Ltd IPO
Apply for the Seshaasai Technologies Ltd IPO through UPI in Just minutes
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

Ashoka Buildcon JV Secures ₹1,815.79 Cr Mithi River Development Deal

Ashoka Buildcon JV Secures ₹1,815.79 Cr Mithi River Development Deal

Synopsis:


Ashoka Buildcon’s joint venture has secured a ₹1,815.79 crore LoA for Mithi River Development and Pollution Control Project with a 48-month build period and 10-year O&M term, expanding its infrastructure contracting workload significantly in the Mumbai metropolitan area..


Source:
Ashoka Buildcon Press Release (NSE Exchange Fillings) | Published on Dec 10, 2025

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 of Ashoka Buildcon (NSE Exchange Filings), Adani Road Transport Limited, Ashoka Buildcon Limited, and Aakshaya Infra Projects Pvt. ltd formed a Joint Venture and received a Letter of Acceptance from the Brihanmumbai Municipal Corporation (BMC) for the contract relating to Mithi River Development and Pollution Control Project. The successful bid amount was ₹1,815.79 Crore exclusive of Goods & Services Tax.

Also read: IndiGo Lowers Q3 Capacity And Revenue Guidance After Schedule Cut

ASHOKA BUILDCON LTD

Trade

166.91-1.81 (-1.07 %)

Updated - 12 December 2025
169.60day high
DAY HIGH
166.04day low
DAY LOW
2354258
VOLUME (BSE)

Key Takeaways

  • The project covers design, build, and operate activities for pollution control and allied works on the Mithi River.

  • The construction phase is scheduled to be completed within 48 months, excluding monsoon months.

  • Operation and maintenance obligations extend for 10 years from the date of completion of the build works.

  • Ashoka Buildcon is a 26 per cent partner in the joint venture.

  • The contract’s scale adds to the company’s existing infrastructure project portfolio.

Also read: TCS Acquires Coastal Cloud in $700 Million Deal

Project Overview

Under the Mithi River Development and Pollution Control Project (Package III), dry weather flows will be intercepted at the tidal outfalls using gate pumps, transfer sewers, river training, service roads, retaining walls, and associated works. This contract has been awarded as a result of the joint venture's successful bidding process.

The design and build work will require coordination between the civil, mechanical, and environmental disciplines as well as ongoing maintenance under an operated model. This work will occur along both sides of the CST Bridge to Mahim Causeway, and will include work on the Vakola River.

Project Contract Terms Table

Feature

Details

Contract Value (Excl. GST)

₹1,815.79 crore

Project Scope

Dry weather flow interception, river training and allied works

Execution Period

48 months (excluding monsoon)

O&M Term

10 years after build completion

Location

CST Bridge Kurla to Mahim Causeway

Industry Context

Ashoka Buildcon is a firm that provides civil engineering and construction services as a contractor, and often participates as a partner in Joint Ventures (JV) to pursue larger, urban development initiatives. This involvement with JVs continues to demonstrate Ashoka's commitment to tackling the more difficult and multifaceted public works projects, which combine environmental sustainability and urban infrastructure construction.

Infrastructure contracts that municipalities are now awarding to contractors are becoming more prevalent and relevant as metropolises grow more concerned with improving their sanitation/flood control infrastructure and upgrading civic infrastructure. For example, a large number of projects will have longer contract durations, and the performance requirements will span a much wider range of operational parameters than simply the construction milestones normally required of contractors.

Company Position And Order Book

The Mithi River development is a new addition to Ashoka Buildcon's current contracts and establishes Ashoka Buildcon’s presence in the EPC sector. As a joint venture, Ashoka Buildcon will execute the project with its partners and provide ongoing operational support.

The joint venture spreads risks and responsibilities among the various JV Members, providing a balance in development and operations. Each Member has expertise within their field and will provide input on various aspects of design, construction, and ongoing management of the completed development.

Share Price Update

Ashoka Buildcon share price stands at ₹165.05 per share on the BSE as of 11 Dec 2025 at 15:30 PM IST, down by 1.46%.

Published Date : 11 Dec 2025

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

11 lakh+ Users

icon-with-text

4.8 App Rating

icon-with-text

4 Languages

icon-with-text

₹7,600+ Cr MTF Book

icon-with-text