Ashoka Buildcon Suspended from NHAI Bids for One Month: NSE Circular Disclosure

  Inside the announcement  
As per the NSE circular dated November 27, 2025, Ashoka Buildcon confirmed receipt of a communication from NHAI suspending the company from bidding for new projects for one month. The suspension is tied to safety concerns raised during construction of the NH-66 elevated corridor project in Kerala, where a girder collapse led to a fatal accident.  

The company emphasized that it continues to operate on existing projects and is cooperating fully with authorities. The disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), ensuring transparency for shareholders and stakeholders.  

Notable updates  
• Suspension period: One month or until expert committee completes investigation  
• Reason: Safety concerns following girder collapse on NH-66 elevated corridor project  
• Disclosure: Filed via NSE circular under SEBI (LODR) Regulation 30 norms  
• Impact: Company barred from bidding for new NHAI projects during suspension  
• Continuity: Existing projects remain unaffected; company cooperating with inquiry  

Major takeaway  
The NSE circular highlights NHAI’s strict enforcement of safety standards. While Ashoka Buildcon faces short-term restrictions, the company’s proactive disclosure and cooperation suggest a focus on compliance and recovery once the inquiry concludes.  

Sources: NSE Circular, Company Filings