Ashoka Buildcon Limited, a leading infrastructure development company in India, has announced a significant milestone. The company has secured a major engineering, procurement, and construction (EPC) contract from Bangalore International Airport Limited (BIAL).

About the Contract

The awarded project involves the construction of Elevated Western Crossfield Taxiways (WCT), aprons, and associated infrastructure, including taxiway systems, pavement work, drainage, ancillary buildings, and other related facilities. The accepted bid price for this project is Rs. 1,055 crore, inclusive of GST.

This development was disclosed by the company on November 29, 2024, following the execution of the agreement with BIAL. Ashoka Buildcon highlighted the project as a step toward strengthening its presence in the aviation infrastructure sector.

Project Scope and Timeline

The scope of the project is substantial and encompasses various critical infrastructure components:

• Elevated taxiways connecting the airport's terminals and runways.
• Drainage systems to handle heavy rainfall and ensure smooth operations.
• Construction of ancillary buildings and associated infrastructure for operational efficiency.

The project is to be completed within 24 calendar months, showcasing the company's commitment to timely delivery.

Regulatory Compliance

The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed project disclosures, as required by SEBI circulars dated July 2023, were also included in the communication.

Financial Implications

The contract value, Rs. 1,055 crore, includes GST. This aligns with Ashoka Buildcon's strategy to undertake large-scale EPC projects across India. Such high-value projects are crucial for boosting the company’s revenue and market standing.

Additional Details

• Awarding Entity: Bangalore International Airport Limited.
• Nature of Contract: EPC Work.
• Interest of Promoters: The project does not involve related-party transactions or any promoter interest.

Conclusion

This contract win highlights Ashoka Buildcon's ability to deliver complex infrastructure projects and strengthens its position in India’s rapidly growing airport infrastructure space. With the aviation sector expanding and the government emphasizing infrastructure development, this project is expected to enhance the company’s reputation as a trusted EPC partner.

Stay tuned for updates on the progress of this ambitious project, which will play a vital role in enhancing the connectivity and efficiency of Kempegowda International Airport, Bengaluru.

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