Mumbai, April 24, 2026: Ashoka Buildcon Limited has received a Letter of Contract Acceptance from the Ministry of Energy and Water of the Angola for an international power infrastructure project valued at $72.36 million (approximately ₹610 crore).
The contract pertains to the “Electricity Sector Improvement and Access Project” and involves the design, supply, installation, and commissioning of the rehabilitation of distribution networks for Lot 5 in Luanda City 2. The project is expected to be executed over a period of 24 months.
The order has been awarded by an international government authority and does not fall under related-party transactions, the company said in a regulatory filing.
Project Scope and Significance
Under the contract, Ashoka Buildcon will undertake the upgrading and rehabilitation of electricity distribution infrastructure, aimed at improving network reliability and enhancing power access in the capital city, Luanda. The project is part of broader efforts to modernize Angola’s power sector and expand electricity access to underserved areas.
Angola’s Infrastructure Push
Angola, one of sub-Saharan Africa’s major oil-producing economies, has been actively investing in infrastructure to diversify its economy and improve public services. Despite its resource wealth, the country continues to face gaps in electricity access and distribution efficiency, particularly in urban and peri-urban areas.
Projects such as the rehabilitation of distribution networks in Luanda are critical to supporting economic activity, improving quality of life, and enabling industrial growth. Strengthening the power infrastructure is also seen as a key enabler for sectors such as healthcare, education, and manufacturing.
Company Outlook
The latest international order strengthens Ashoka Buildcon’s global project portfolio and reinforces its presence in the power transmission and distribution segment. The company continues to expand its footprint across overseas markets, leveraging its expertise in executing complex infrastructure projects.