What was filed
Ashoka Buildcon Limited told the BSE and NSE on June 13, 2026 that it has received a Letter of Acceptance (LOA) from the Chhattisgarh State Industrial Development Corporation Limited (CSIDC). The company had submitted its bid in a joint venture in which it is the lead member with a 51% stake. The project is the development of a Gems & Jewellery Park under Public Private Partnership (PPP) mode at Raipur, Chhattisgarh.
Project terms
Per the filing, the project covers an area of 38,922 square metres and is structured on a PPP basis. The accepted premium to be paid for the project is Rs.112.40 crore, with a lease rent of 2% of that amount, escalating 10% every fourth year. The lease period is 30 years, extendable up to 90 years, with a construction period of five years. The company stated the awarding entity is a domestic entity and that the order does not fall within related party transactions.
Procedural note
The company added that the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the declaration. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, with project details set out in Annexure I.