Ashoka Buildcon Shares Rise 2% After Winning ₹307.71 Crore Signature Bridge Project in Daman

Ashoka Buildcon has secured a new infrastructure contract from the Public Works Department in Daman for the construction of a signature bridge connecting key coastal roads. 

The company confirmed receipt of the Letter of Acceptance through a regulatory filing.

 Following the announcement, the stock recorded gains in morning trade, drawing market attention to the company’s order book and execution outlook.

Letter of Acceptance for Daman Bridge Project

Ashoka Buildcon informed stock exchanges that it has received a Letter of Acceptance from the Public Works Department, Work Division–I, Daman. 

The project involves the construction of a proposed signature bridge connecting Jampore Sea Front Road near the Lighthouse to Devka Sea Front Road at Parkota Sheri, Daman. The accepted bid value for the project is ₹307.71 crore, excluding GST.

Project Scope and Execution Timeline

The contract has been awarded on a design, build and operate basis. The company is required to complete the design and construction work within a period of 30 months. 

The awarding authority is a domestic government entity, and the contract does not fall under related party transactions.

Regulatory Disclosure and Compliance

The company stated that the disclosure has been made in accordance with Regulation 30 of the SEBI Listing Regulations. It also noted that the trading window for designated persons and their immediate relatives remains closed from 1 January 2026 until 48 hours after the declaration of financial results for the quarter ended 31 December 2025.

Ashoka Buildcon Share Price Performance

Ashoka Buildcon shares traded higher in early session on 23 January 2026. The stock was recorded at ₹147.70, up ₹3.16 or 2.19%. The previous close stood at ₹144.54. During the session, the share price moved between a low of ₹146.20 and a high of ₹151.00.

Read More: Bandhan Bank Shares in Focus After Mixed Q3FY26 Performance.

Conclusion

Ashoka Buildcon’s receipt of the Letter of Acceptance for the Daman signature bridge project adds to its infrastructure order pipeline. Market participants are likely to monitor project execution progress, future order inflows and quarterly financial performance to assess the company’s operational trajectory.

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