Ashoka Buildcon Limited has secured a $72.4 million order from the Ministry of Energy and Water, Republic of Angola, according to a BSE filing.
The project involves the design, supply, installation, and commissioning of the rehabilitation of distribution networks for Lot 5 Luanda City 2. This contract is a significant win for the company, boosting its order book with a large international contract.
The project is expected to be completed within 24 months, with the company responsible for the rehabilitation of distribution networks.
This order adds to Ashoka Buildcon’s growing portfolio of international projects, strengthening its position in the global infrastructure market.
Earlier, the company had submitted a bid for the project, and the Letter of Contract Acceptance has now been received. The contract was awarded through a competitive bidding process, with Ashoka Buildcon emerging as the successful bidder.
As part of the agreement, Ashoka Buildcon will be responsible for the design, supply, installation, and commissioning of the rehabilitation of distribution networks.
The order reinforces Ashoka Buildcon’s position as a leading player in the infrastructure sector, with a strong presence in international markets.
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