Ashoka Buildcon Secures ₹308 Crore Daman Signature Bridge Project

Ashoka Buildcon has denied the NHAI's allegations in the girder fall incident. It added that the girder fell on a moving vehicle, which had entered a prohibited construction zone. The company said it is in the process of ascertaining the financial impact of the incident and would notify the exchanges regarding the same in due course of time. Its other operations remain unaffected, it said.

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CNBC TV18•22-01-2026, 18:06

Ashoka Buildcon Secures ₹308 Crore Daman Signature Bridge Project

•Ashoka Buildcon Ltd received a Letter of Acceptance (LOA) for a ₹307.71 crore (excluding GST) contract.
•The project involves constructing a signature bridge in Daman, connecting Jampore Sea Front road to Devka Sea Front road.
•The contract is on a Design, Build, and Operate basis, with a 30-month completion period for design and build work.
•This is a domestic award, with no related party transactions or promoter group interest.
•Ashoka Buildcon also secured a ₹447.21 crore additional work order from BMC for a Sion Panvel Highway flyover project in December.

Why It Matters: Ashoka Buildcon wins a significant Daman bridge contract, boosting its project portfolio.

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