Ashoka Buildcon Receives REC 1265 Crore Transmission LOI

Project Name: Establishment of 400/220/132 kV AIS Sakoli (Dist. Bhandara) on Tariff Based Competitive Bidding

Awarding Entity: REC Power Development and Consultancy Limited

LOI Date: August 13, 2026

Contract Type: Tariff Based Competitive Bidding (TBCB)

Financial Size: Annual Transmission Charges of ₹1265.37 million (approximately ₹126.537 crore) for 35 years

Performance Guarantee: Requires submission of Performance Bank Guarantee of ₹16.70 crore within 10 days of LOI issuance

Construction Period: 24 months for project completion

Operation Period: 35 years of operation and maintenance

Domestic/International: Awarded by domestic entity

Related Party Status: Not applicable - no promoter/promoter group/group company interest in the awarding entity

Arm's Length: Not applicable - does not qualify as related party transaction