Ashoka Buildcon Wins ₹290.23 Cr EPC Project from North Eastern Railway

Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from North Eastern Railway for an EPC project valued at ₹290.23 Crore (including GST). The project involves the Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations and associated Switching Posts for a 2x25 KV AT traction feeding system in the Gorakhpur Cantt-Chhapra Gramin section. The execution period for this project is 24 months from the commencement date. The company has also stated that the trading window for designated persons will remain closed until 48 hours after this disclosure. The contract includes a 5% Performance Bank Guarantee (PBG) and a 2-year Defect Liability Period.