Ashoka Buildcon Share Price Jumps 12% on Receiving LoA for Gems and Jewellery Park Project in Chhattisgarh

Ashoka Buildcon Limited has received a Letter of Acceptance (LoA) from Chhattisgarh State Industrial Development Corporation Limited (CSIDC) for a Gems & Jewellery Park project in Raipur. 

The company had participated in the bidding process through a joint venture in which it is the lead member with a 51% stake.  

LoA Received for Gems & Jewellery Park 

The project involves the development of a Gems & Jewellery Park under the Public Private Partnership (PPP) model in Raipur, Chhattisgarh.  

The proposed development will be undertaken over a project area of 38,922 square metres.   

Premium Amount Fixed at ₹112.40 Crore 

According to the disclosure, the accepted premium payable for the project is ₹112.40 crore. 

In addition, lease rent will be payable at 2% of the premium amount, with an escalation of 10% every fourth year.  

Long-Term Development Rights Granted 

The project has been awarded with a lease period of 30 years, which can be extended up to 90 years. The construction period for the project has been specified as 5 years.  

The development will be carried out on project land under the PPP mode. The company also clarified that the transaction does not involve any related-party interest.  

Read More: HPCL Share Price Gains Over 3%; Fixes August 14, 2026, as Record Date for Final Dividend of ₹19.25 for FY 2025-26! 

Ashoka Buildcon Share Price Performance 

As of 15 June 2026, at 11:45 AM, Ashoka Buildcon share price was trading at ₹138.24 per share, reflecting a surge of 12.34% from the previous close. 

Conclusion 

Ashoka Buildcon has secured the LoA for developing a Gems & Jewellery Park in Raipur under the PPP model. The project involves a premium commitment of ₹112.40 crore and provides long-term development rights with a lease period of up to 90 years.  

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