Ashoka Buildcon gets NHAI letter for Rs 865.90 crore Vadodara-Mumbai Expressway work
Ashoka Buildcon said in a filing that it has received a Letter of Acceptance from NHAI for balance expressway work in Gujarat at an accepted EPC price of Rs 865.90 crore.
Key points
- Ashoka Buildcon told the stock exchanges on 9 November 2026 that it has received a Letter of Acceptance from NHAI for an expressway project.
- The accepted EPC price is Rs 865.90 crore excluding GST, and the filing gives 18 months as the time period for execution.
- The project covers Km 128.0 to Km 154.6 of the Vadodara-Mumbai Expressway in Gujarat, with a 10-year defect liability period.
Photo: Abhijitsathe / Wikimedia Commons, CC BY-SA 3.0 (cropped). Representational image.
Ashoka Buildcon Limited has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for balance construction work on the Vadodara-Mumbai Expressway in Gujarat, the company said in a filing with the stock exchanges dated 9 November 2026. The filing says the accepted EPC price for the project is Rs 865.90 crore, excluding GST.
What Happened
According to the filing, the project is the balance work for construction of an 8-lane access-controlled expressway from Km 128.0 to Km 154.6 of the Vadodara-Mumbai Expressway, covering the Karvad to Jujuwa section in Gujarat. The filing describes it as Package IX (Pkg-IX).
The filing says the company had submitted a bid for the project and has now received the Letter of Acceptance. The work is on EPC (engineering, procurement and construction) mode.
The filing gives these terms:
- Accepted EPC price: Rs 865.90 crore, excluding GST
- Time period for execution: 18 months
- Defect liability period: 10 years
- Awarding entity: NHAI, a domestic entity
The filing marks the questions on whether the promoter or promoter group has any interest in NHAI, and on whether the contract falls within related party transactions, as not applicable.
The filing follows an earlier disclosure. In its results press release of 5 November 2026, the company said it had been declared the lowest bidder (L-1) for the same project. The same release put the company's total order book at Rs 15,964 crore as on 30 September 2026.
What It Means
For shareholders of Ashoka Buildcon, the filing shows that a project on which the company was declared the lowest bidder has now received a Letter of Acceptance, with an accepted price, an execution period and a defect liability period set out. The filing gives 18 months as the time period for execution and 10 years as the defect liability period.
For road users in Gujarat, the package covers the Karvad to Jujuwa section of the Vadodara-Mumbai Expressway, from Km 128.0 to Km 154.6.
Shareholders with a complaint against a listed company can use SEBI's SCORES portal at https://scores.sebi.gov.in.
Sources & Citations
- Company filing on BSE: NHAI Letter of Acceptance — BSE Limited
- Company filing on BSE: Q2 FY27 press release — BSE Limited