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News: Ashoka Buildcon has received the Letter of Acceptance (LoA) from the government of Guyana, public works department for the project viz. East Bank-East Coast Road Linkage Project Phase 2 and the company has executed the Contract Agreement with the Authority. The order is worth $67.25 million (₹584 crore). The time period to execute the contract is 18 months.
View: Ashoka’s orderbook stood at ₹14905 crore, 2.1x book to bill. The company recently bagged an order worth ₹1386 crore, the new orders further add to the company’s revenue visibility. It has guided for order inflows to the tune of ₹10000-12000 crore for FY26. Given the healthy order inflow potential, it expects revenues to grow by 10% going forward.
Impact: Positive