Ashoka Buildcon Limited has received a Letter of Acceptance (LoA) from Druk Green Power Corporation Limited, Bhutan, for a 120 MWp solar photovoltaic power plant at Wobthang, the company said in a regulatory filing on November 11, 2026.
According to the disclosure made to the BSE and the National Stock Exchange of India (NSE), the company had earlier bid for the project. The contract covers the design, supply, installation, testing and commissioning of the Wobthang Solar PV Power Plant.
The filing showed that the contract is valued at USD 58,900,976.45. It will be executed in design-build mode, as set out in the contract, and carries a defect liability period of 24 months.
The company said the project must be completed within 18 months of the commencement date. The order has been classified as international because it was awarded by an overseas entity.
According to the filing, the company’s promoter, promoter group and group companies have no interest in the awarding entity. The company added that the contract does not fall under related party transactions.
The trading window for the company’s designated persons and their immediate relatives will stay closed until 48 hours after the disclosure reaches the exchanges, the filing stated. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary Manoj A Kulkarni.
