en.Wedoany.com Reported - Ashoka Buildcon has been awarded a four-lane highway construction contract by the Central Housing and Planning Authority of Guyana, valued at 7.46 billion Guyana dollars (approximately $35.42 million). The order was confirmed on June 26, 2026, through an exchange filing, involving a section of highway from Versailles on the West Bank of Demerara to Parika on the East Bank of Essequibo (Region Three), designated as Package 8.

The contract is priced on a unit rate basis, with an execution period of 20 months, and is awarded by an overseas entity. The company stated that its promoters and group companies have no interest in the awarding authority, and the project does not constitute a related party transaction. The execution plan will follow standard regulatory and contractual procedures.

The company's shares closed at 131.03 rupees per share on Thursday, June 25, down 2.51% for the day. This is the second order secured by the company in less than two weeks. On June 13, the company received a letter of acceptance from the Chhattisgarh State Industrial Development Corporation Ltd to develop a gem and jewelry park in Raipur under a public-private partnership model, involving a premium payment of 1.124 billion rupees, with a lease term of 30 years, extendable to 90 years.

The Guyana contract, complementing domestic orders, strengthens the company's order book in both overseas and domestic markets. The company will carry out mobilization and pre-construction activities within the contract period while monitoring timelines and costs. Financial and operational impacts will be reflected in subsequent regulatory filings and periodic disclosures.