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Ashoka Buildcon’s share price went up 2% after its JV with Adani Road Transport & Akshaya Infra received a work order worth ₹1,815.7 crore from the BMC.
What’s the deal: this order is for the Mithi River Development and Pollution Control Project (Package III). It includes work like stopping dirty water from flowing into the river at tidal points, laying big pipes called transfer sewers, shaping and strengthening the river’s path.
The project also comes with 10 years of operations and maintenance which means the same team will design the project, construct it, and then run and maintain it.
Why it matters: the Mithi River project is central to Mumbai’s efforts to cut flooding, clean polluted water and protect nearby communities.
For Ashoka Buildcon, it delivers a sizeable contract plus 10 years of maintenance income, strengthening revenue visibility and its credentials in complex urban and environmental infrastructure projects over the coming years.
