No news articles found at the moment.
No momentum scores found at the moment.
No companies found at the moment.
No pages found at the moment.
No matches found for your search.
Loading market ticker…
Source: Krish Capital Pty Ltd
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn More
Ashoka Buildcon Limited (NSE:ASHOKA) disclosed on 11 November 2026, via a Regulation 30 filing, that it has received a Letter of Acceptance from Druk Green Power Corporation Limited, Bhutan, for the design, supply, installation, testing, and commissioning of the 120 MWp Wobthang Solar PV Power Plant, valued at USD 58,900,976.45.
Ashoka Buildcon Limited (NSE:ASHOKA), headquartered in Nasik, Maharashtra, is an infrastructure development and construction company incorporated in 1993 under CIN L45200MH1993PLC071970. The company undertakes roads, highways, bridges, and power infrastructure projects across India, operating under both EPC and BOT models, and has increasingly pursued renewable energy construction mandates in recent years.
Ashoka Buildcon Limited filed the intimation under SEBI (LODR) Regulations, 2015, Regulation 30, disclosing that it submitted a bid to Druk Green Power Corporation Limited, Bhutan, for the Wobthang Solar PV Power Plant project and has now received the Letter of Acceptance. The project scope covers design, supply, installation, testing, and commissioning of a 120 MWp solar photovoltaic facility, to be executed in Design Build mode as per the contract terms.
The total contract consideration is USD 58,900,976.45, equivalent to approximately USD 58.9 million, payable as per the agreed commercial terms. The execution timeline is 18 months from the date of commencement, and the Defect Liability Period extends to 24 months post-completion. The awarding entity, Druk Green Power Corporation Limited, is classified as an international entity by Ashoka Buildcon in the filing. The company has confirmed no promoter, promoter group, or group company interest exists in the awarding entity, and the transaction does not constitute a related party transaction under applicable regulations.
Investors will note that this international contract adds an order valued at approximately USD 58.9 million to Ashoka Buildcon’s executable project book, representing a cross-border engagement with a Bhutanese state-owned power entity. The disclosed 18-month completion window and 24-month defect liability period indicate a defined revenue recognition timeline that shareholders will observe when monitoring future quarterly disclosures.
The filing shows no related party interest or promoter conflict of interest, which addresses a key governance consideration for stakeholders evaluating the credibility of the order. Investors will note that currency exposure exists given the USD-denominated contract value, and the terms as disclosed do not specify a hedging arrangement, which may be a factor to consider alongside other publicly available company disclosures.
India’s renewable energy sector has seen significant cross-border project activity, with Indian EPC contractors increasingly winning solar mandates in South and Southeast Asia. Bhutan’s national power utility, Druk Green Power Corporation, has been expanding its renewable capacity as part of the country’s energy development agenda. According to India’s Ministry of New and Renewable Energy, solar PV installations in the broader region have accelerated through 2025 and 2026, creating execution opportunities for large-format EPC firms with demonstrated infrastructure capabilities such as Ashoka Buildcon.
Unlock Premium Articles for Exclusive Insights!
By submitting your details and clicking on the Submit button, you agree to Kalkine’s Terms and Conditions and consent to receive marketing offers including to be contacted by Kalkine via email, phone, WhatsApp or any other mode, in accordance with our Privacy Policy. We also encourage you to review the Investor Charter available on our website by clicking Click Here.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
Copyright 2026 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.
Orbit Exports Approves ₹27.6 Crore Share Buyback at ₹250 Per Share
Is Hindustan Zinc Still Attractive Despite Trading Below Its Peak?
Commercial LPG Cylinder Prices Hiked by ₹993: What It Means for Oil Marketing Companies and Hospitality Sector Stocks
Fabtech Technologies Limited (NSE: FABTECH) rallies nearly 10% after Q4 update—what’s behind the sudden upside move?
Atlanta Electricals – Transformer Boom, Financials, Valuation & Risks — 125% Profit Growth, 50.2% ROCE at 85.6x Earnings
Leave your details and our team will get in touch.
Kalkine Consultancy India Private Limited is an ISO 27001:2022 certified company bearing registration number: IC-IS-2604165 and the PCI DSS Level 1 Version 4.0.1 certification (Certificate No. CSNDPCI9160)
Disclaimer:
“Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, enlistment on BSE and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”
Research Analyst or his associates or his dependent family members may hold financial interest or actual/ beneficial ownership in the financial products/ securities advised herein.
The content and services provided by Kalkine Consultancy India Private Limited (Research Analyst License No: INH000017727, hereinafter referred as “Kalkine”), including those offered through various subscriptions or accessible on www.kalkine.co.in, are solely for general informational use. The material available on website(s) or provided in form of reports or otherwise does not consider individual financial goals, circumstances, or needs of an individual, and should not be interpreted as personalized financial or investment advice. Investors are encouraged to seek professional guidance from licensed advisors before making any investment decisions based on the insights provided. The website, serves as a platform for financial education, company data, and news, offering general information only. It does not constitute any form of financial or investment advisory service. Links to third-party content are offered solely for informational purposes, with no endorsement or guarantee of accuracy from Kalkine. Reproduction or use of any material from this website is strictly prohibited without written consent from Kalkine. Potential investors should note that certain investments or products discussed may be accompanied by a product disclosure statement or offer document, which should be reviewed prior to making any acquisition decision. Any information related to the past performance of investments is not a reliable indicator of future results. All examples of potential investment opportunities are for illustrative purposes only and may not be applicable to all investors. Kalkine’s research and reports are general in nature and do not represent offers to buy or sell securities. While every effort is made to ensure the accuracy and timeliness of the information provided, Kalkine does not warrant or guarantee its completeness or reliability. Investments in securities and other financial products inherently involve risk, including the risk of capital loss, and market conditions may result in fluctuating outcomes. Investors are advised to carefully evaluate their personal objectives, risk tolerance, and financial position before making any decisions. Kalkine assumes no responsibility for any loss or damage arising from the use of its services or materials, nor for third-party content linked on its website. This includes errors, inaccuracies, or technical issues encountered on the platform. By accessing and using this website, users accept the terms of this disclaimer and acknowledge responsibility for their investment decisions.
Copyright 2026 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without prior consent.
Got questions? Call us at: +919718003399
