Ashoka Buildcon Limited has officially received a Letter of Contract Acceptance from the Ministry of Energy and Water of the Republic of Angola. The contract, valued at USD 72,359,639.46, involves the design, supply, installation, and commissioning of rehabilitation works for distribution networks in Luanda City. The project is expected to be completed within a period of 24 months, further expanding the company’s international footprint in the infrastructure sector.
International Expansion
Ashoka Buildcon has achieved a significant milestone in its international operations by securing a major power infrastructure contract in Angola. The company will undertake the design, supply, installation, and commissioning for the rehabilitation of distribution networks specifically for Lot 5, Luanda City 2. This win marks a notable entry for the company in providing critical electricity sector improvements within the Republic of Angola.
Project Financials and Timeline
The total contract value for this project is USD 72,359,639.46. The execution of the project is planned over a duration of 24 months from the date of acceptance. This project enhances the company’s portfolio in the overseas power infrastructure segment and aligns with its strategic goal of executing large-scale international development work.
Source: BSE
