Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) for the ‘Design, Supply, Installation, Testing & Commissioning of a 120 MWp Wobthang Solar PV Power Plant‘ in Bhutan. The project is valued at approximately USD 58.9 million and is to be executed in a Design Build mode with a defect liability period of 24 months. The completion period for the project is stipulated as 18 months from the date of commencement.
International Project Secured
Ashoka Buildcon Limited has announced the receipt of a Letter of Acceptance (LOA) for a significant project in Bhutan. This LOA pertains to the ‘Design, Supply, Installation, Testing & Commissioning of a 120 MWp Wobthang Solar PV Power Plant‘ in the country. This development marks a key expansion for the company into the international renewable energy market.
Project Details and Value
The awarded project, which the company had previously submitted a bid for, is valued at approximately USD 58,900,976.45. The contract is structured in a ‘Design Build’ mode and includes a defect liability period of 24 months. The execution timeline for the project is set at 18 months from the official date of commencement, indicating a focused development period.
Company Confirmation
The intimation was made on November 11, 2026, in accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the LOA has been received for the aforementioned solar PV power plant project in Bhutan. Further details required under relevant circulars are provided in Annexure I of the disclosure.
Source: BSE
