The contract pertains to Package III of the Mithi River Development & Pollution Control Project, involving dry-weather flow interception at tidal outfalls, transfer sewers, river training, service roads, retaining walls, and allied civil works. The project will be executed on a Design, Build, and Operate (DBO) model and includes 10 years of operations and maintenance.
The JV shareholding structure comprises Adani Road Transport (51%, lead member), Ashoka Buildcon (26%), and Aakshaya Infra (23%). The design and build period is slated for 48 months, excluding monsoon seasons, followed by the long-term O&M phase.
Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. The company reported an 82.92% decline in consolidated net profit to Rs 78.06 crore in Q2 FY26 as against Rs 457.04 crore posted in Q2 FY25.