Ashoka Buildcon Receives Rs 112.40 Crore Project LOA

Ashoka Buildcon Limited has received a Letter of Acceptance from Chhattishgarh State Industrial Development Corporation Limited (CSIDC) for the development of a Gems & Jewellery Park under Public Private Partnership (PPP) mode at Raipur, Chhattisgarh.

The company submitted the bid in a Joint Venture where it serves as the Lead member with a 51% stake.

Project Details

• Project: Development of Gems & Jewellery Park under PPP mode
• Location: Raipur, Chhattisgarh
• Land Area: 38,922 square meters
• Accepted Premium Amount: Rs. 112.40 Crore to be paid
• Lease Terms: Lease period of 30 years, extendable up to 90 years
• Lease Rent: 2% of Rs. 112.40 Crore with escalation of 10% every 4th year
• Construction Period: 5 years

Additional Information

• The contract was awarded by a domestic entity (CSIDC)
• The project does not involve any related party transactions
• The promoter/promoter group/group companies have no interest in CSIDC

The company secretary, Manoj Achyut Kulkarni (ICSI M. No.: FCS 7377), signed and submitted this disclosure on June 13, 2026.