-- Ashoka Buildcon (NSE:ASHOKA, BOM:533271) has received a letter of contract acceptance for an order worth $72.4 million
from the Ministry of Energy and Water, the Republic of Angola, for the electricity sector improvement, according to a Friday filing to the Indian stock exchanges.
The contract is for the design, supply, installation, and commissioning of the rehabilitation of electricity distribution networks for Lot 5 in Luanda City in the Republic of Angola.
The project is expected to be completed in 24 months.
The company's shares were down 2% in recent trade.