Ashoka Buildcon Limited, a leading Indian infrastructure company, has announced a major contract win from Central Railway valued at Rs 568.86 crore, including GST. The contract pertains to critical gauge conversion work along the Pachora–Jamner railway line, spanning approximately 53.3 kilometers. This project, awarded through a Letter of Acceptance, reinforces Ashoka Buildcon’s strong foothold in the railway infrastructure domain.

Details of the Contract

The awarded project entails comprehensive Engineering, Procurement, and Construction (EPC) activities. The scope of work includes:

• Construction of Earthwork

• Building Major and Minor Bridges

• Development of RUBs (Road Under Bridges)

• Permanent Way (P. Way) Works

• Miscellaneous Civil Works

Importantly, the project scope excludes the Pachora Yard and any Road Over Bridges (ROBs).

Execution Timeline and Value

The project is scheduled to be executed over a period of 913 days, i.e., approximately 2.5 years. The total contract value stands at Rs 568.86 crore, inclusive of all applicable taxes and levies. This represents one of the more significant infrastructure orders secured by the company in recent months.

Significance of the Project

This contract is a strong testament to Ashoka Buildcon’s engineering capabilities and track record in delivering complex railway and transport infrastructure projects. The gauge conversion will help enhance railway connectivity, improve passenger and freight movement, and facilitate economic development in the region.

Such projects play a pivotal role in India’s broader vision of modernising its railway network, especially in regions that are undergoing capacity expansion or standardisation from meter gauge to broad gauge systems.

Competitive Edge and Market Position

Ashoka Buildcon’s ability to win this contract reflects its competitive positioning in the EPC space. It has been consistently delivering value through quality execution, on-time delivery, and efficient project management. With this contract in its order book, the company is well-poised to enhance its revenues and further strengthen its presence in the infrastructure sector.

No Related Party Transactions

As per regulatory disclosures, there is no involvement of promoter or group companies in the entity that awarded the order. Further, the transaction does not qualify as a related party transaction, thereby aligning with standard business practices.

Domestic Focus with Strategic Impacts

The contract is entirely domestic in nature, reinforcing Ashoka Buildcon’s commitment to contributing to India’s infrastructure development. With an increasing number of infrastructure tenders being floated by Indian Railways and other public sector bodies, this contract win puts the company in a favorable position for upcoming bids.

Impact on H1 FY26 and Beyond

Given the execution timeline of 913 days, the project is expected to contribute significantly to revenue visibility from FY25 to FY27. It will also provide long-term benefits such as improved operational leverage, better asset utilization, and enhanced profitability.

Ashoka Buildcon’s management has reiterated their focus on expanding the order book while maintaining execution efficiency, which will reflect positively on the company's financial performance in the quarters ahead.

Conclusion

The latest contract from Central Railway is a major milestone in Ashoka Buildcon’s journey and underlines its commitment to nation-building through infrastructure excellence. As the Indian economy continues to prioritise infrastructure spending, especially in railways, roadways, and logistics, Ashoka Buildcon is strategically positioned to capitalise on these opportunities.

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