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
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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.
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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.
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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.
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 |
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.
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.
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%.
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