Deals6 Jun 2024, 08:44 pm
Ashoka Buildcon LTD. Secures EPC Agreement with Serneke International Group AB for Drinking Water Project in Ivory Coast
AI Summary
Ashoka Buildcon LTD. has executed an EPC Agreement with Serneke International Group AB, Sweden, for a project floated by Baran International Limited. The project involves the construction of 100 drinking water wells and the supply and installation of a drinking water supply unit in 35 villages of Ivory Coast. The accepted bid price is Euros 18.50 Million excluding Custom Duty, VAT, withholding tax etc. on Item Rate plus escalation basis. The project is to be completed by October 31, 2026, or such other date as may be agreed between the parties.
Key Highlights
- Ashoka Buildcon LTD. secures EPC Agreement with Serneke International Group AB for a project in Ivory Coast.
- The project involves the construction of 100 drinking water wells and the supply and installation of a drinking water supply unit in 35 villages.
- The accepted bid price is Euros 18.50 Million excluding Custom Duty, VAT, withholding tax etc. on Item Rate plus escalation basis.
- The project is to be completed by October 31, 2026, or such other date as may be agreed between the parties.
- The agreement is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.