Ashoka Buildcon Declared L1 for Rs 865.9 Cr NHAI Project

Core Announcement – Order Details

Awarding Entity: National Highways Authority of India (NHAI)

Domestic/International Order: Domestic

Nature of Order/Contract: Engineering Procurement Construction (EPC) contract for Balance Work for Construction of 8-lane access-controlled Expressway from Km 128.0 to Km 154.6 of Vadodara-Mumbai Expressway (Karvad to Jujuwa section) in Gujarat on EPC mode (Pkg-IX)

Order Value: Quoted EPC Price for the Project is Rs. 865.90 Crore, excluding GST

Materiality Context: Company declared as Lowest Bidder (L-1) for the project

Execution Timeline: 18 months

Key Terms & Conditions:

• Engineering Procurement Construction (EPC) Mode
• Defect Liability Period of 10 years

Whether Related Party Transaction: Not Applicable

Promoter Group Involvement: Not Applicable

Financial Implication: Not Specified