Orders12 Oct 2026 · Fri
ASHOKAAshoka Buildcon
Ashoka Buildcon gets a ₹290.23 crore North Eastern Railway traction order
Ashoka Buildcon received a letter of acceptance from North Eastern Railway for traction substations on the Gorakhpur Cantt-Chhapra Gramin section, worth ₹290.23 crore including GST.
Price, Friday's close₹102.02▲ 0.61%
Last 5 days
52-week low ₹100.3152-week high ₹214.50
- Sector
- Infrastructure
What happened
- The letter of acceptance, announced on 9 October, comes from North Eastern Railway's Varanasi Division, per Angel One.
- The work is the design, supply, erection, testing and commissioning of traction substations and switching posts for a 2×25 kV traction feeding system.
- It is on an EPC basis with a 24-month completion period from commencement, a 5% performance bank guarantee and a two-year defect liability period.
- The shares closed at ₹102.02 on Friday, up 0.61%.
Why it matters
Good to know: A letter of acceptance is the buyer's formal notice that the bid has been accepted. The detailed agreement is signed afterwards.
Key facts
- Value
- ₹290.23 crore, including GST
- Customer
- North Eastern Railway, Varanasi Division
- Completion period
- 24 months
- Performance guarantee
- 5% of contract price
Read the source
This is a summary of public news about Ashoka Buildcon, for information only. It is not a recommendation to buy, sell or hold ASHOKA.