Ashoka Buildcon Secures $45M Road Project in Liberia
Filing Summary
Ashoka Buildcon Limited has received a Letter of Award from the Ministry of Public Works, Liberia, for an Engineering, Procurement, and Construction (EPC) project. The project involves upgrading roads from Nrowkia to Barclayville, Sasstown, and Nipleppo in Liberia. The accepted bid cost for this international project is approximately USD 45 million. The project is expected to be executed over a period of 24 months. The trading window for designated persons and their immediate relatives will remain closed until 48 hours after the disclosure.
Ashoka Buildcon Limited has announced the receipt of a Letter of Award from the Ministry of Public Works, Liberia. The award pertains to an Engineering, Procurement, and Construction (EPC) project for upgrading roads from Nrowkia to Barclayville, Sasstown, and Nipleppo in the Republic of Liberia. The accepted bid cost for this project is USD 45,276,621.
The project is classified as an international contract and is expected to be executed within a timeframe of 24 months. The company has confirmed that the order does not involve any related party transactions, and there is no interest from the promoter group or group companies in the awarding entity.
The trading window for designated persons of Ashoka Buildcon and their immediate relatives will remain closed until 48 hours after the disclosure of this information. This measure is in compliance with regulatory requirements to prevent insider trading.
The Ministry of Public Works, Liberia, is responsible for the development and maintenance of public infrastructure in Liberia. The ministry focuses on enhancing the country’s road network to improve connectivity and support economic growth.
Ashoka Buildcon Limited is a prominent player in the infrastructure development sector, focusing on road and highway projects. The company is engaged in executing large-scale projects across various regions, emphasizing timely delivery and quality construction. Ashoka Buildcon continues to expand its international presence through strategic project acquisitions.