Ashoka Buildcon has received a Letter of Contract Acceptance from the Ministry of Energy and Water, Republic of Angola, for a significant project in the electricity sector. The project, titled ‘Electricity Sector Improvement and Access Project’, involves the design, supply, installation, and commissioning of the rehabilitation of distribution networks in Luanda City 2, Angola.
The total accepted bid cost for the project is USD 72,359,639.46. This international contract underscores Ashoka Buildcon‘s growing footprint in global infrastructure projects. The project is expected to be executed over a period of 24 months.
This development is part of Ashoka Buildcon’s ongoing efforts to expand its international operations and enhance its portfolio of infrastructure projects. The company continues to leverage its expertise in engineering and construction to secure and execute projects outside of India.
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Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).