Ashoka Buildcon Wins About $58.9 Million Bhutan Solar Order
Druk Green Power Corporation of Bhutan has issued Ashoka Buildcon a letter of acceptance for the 120 MWp Wobthang Solar PV Power Plant.
Key Takeaways
- Ashoka Buildcon received a letter of acceptance from Druk Green Power Corporation Limited, Bhutan.
- The order is for the 120 MWp Wobthang Solar PV Power Plant, valued at USD 58,900,976.45.
- The completion period is 18 months from commencement, with a 24 month defect liability period.
- The company disclosed the order to the BSE and NSE on November 11, 2026.
- Two days earlier, Ashoka Buildcon disclosed an NHAI order with an accepted EPC price of Rs 865.90 crore, excluding GST.
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Ashoka Buildcon has received a letter of acceptance from Druk Green Power Corporation Limited, Bhutan, for the 120 MWp Wobthang Solar PV Power Plant. The order value is USD 58,900,976.45, or about USD 58.9 million, the company told the BSE and NSE in a filing dated November 11, 2026.
The contract covers the design, supply, installation, testing and commissioning of the solar plant. Ashoka Buildcon said the work has a completion period of 18 months from the date of commencement, followed by a defect liability period of 24 months. The company had earlier submitted a bid for the project.
Ashoka Buildcon's Wobthang solar order at a glance
| Detail | Value |
|---|---|
| Company | Ashoka Buildcon Limited |
| Awarded by | Druk Green Power Corporation Limited, Bhutan |
| Project | 120 MWp Wobthang Solar PV Power Plant |
| Scope | Design, supply, installation, testing and commissioning |
| Mode | Design build |
| Order value | USD 58,900,976.45 (about USD 58.9 million) |
| Completion period | 18 months from the date of commencement |
| Defect liability period | 24 months |
| Type of order | International |
| Disclosed | Exchange filing dated November 11, 2026 |
What the Wobthang contract asks of Ashoka Buildcon
Under the contract, Ashoka Buildcon will work in design build mode, which means it handles the plant's design as well as its supply, installation, testing and commissioning. The filing lists the order as international, since the awarding entity is based in Bhutan.
Ashoka Buildcon said its promoter and promoter group have no interest in Druk Green Power Corporation, and that the order does not fall within related party transactions. The company also said its trading window for designated persons and their immediate relatives will stay closed until 48 hours after the disclosure reaches the exchanges.
Ashoka Buildcon's NHAI expressway order two days earlier
On November 9, 2026, Ashoka Buildcon told the exchanges it had received a letter of acceptance from the National Highways Authority of India. The accepted EPC price is Rs 865.90 crore, excluding GST, for balance work on an 8-lane access-controlled expressway from Km 128.0 to Km 154.6 of the Vadodara to Mumbai Expressway, covering the Karvad to Jujuwa section in Gujarat (Package IX). The company said that work has an execution period of 18 months and a defect liability period of 10 years.
| When | What Ashoka Buildcon disclosed |
|---|---|
| November 9, 2026 | Ashoka Buildcon disclosed an NHAI letter of acceptance with an accepted EPC price of Rs 865.90 crore, excluding GST, for a Vadodara to Mumbai Expressway section in Gujarat |
| November 11, 2026 | Ashoka Buildcon disclosed a letter of acceptance from Druk Green Power Corporation for the 120 MWp Wobthang Solar PV Power Plant, valued at USD 58,900,976.45 |
Where Ashoka Buildcon is based and what it builds
Ashoka Buildcon has its registered office in Nashik, Maharashtra, and its shares are listed on the BSE under scrip code 533271 and on the NSE under the symbol ASHOKA. The company works across highways and bridges, power, railways and buildings.
| Detail | Value |
|---|---|
| Registered office | Nashik, Maharashtra |
| BSE scrip code | 533271 |
| NSE symbol | ASHOKA |
| Business lines | Highways and bridges, power, railways, buildings |
Ashoka Buildcon's two letters of acceptance in November 2026
Within three days, Ashoka Buildcon disclosed two letters of acceptance: the NHAI expressway work in Gujarat on November 9, 2026, and the Wobthang solar plant in Bhutan on November 11, 2026. The Bhutan order is valued at about USD 58.9 million, and the NHAI order at Rs 865.90 crore, excluding GST. The company said both have an 18 month period for execution.
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Frequently Asked Questions
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