Key Highlights
- Ashoka Buildcon has received a Letter of Acceptance from Chhattisgarh State Industrial Development Corporation Limited for a Gems and Jewellery Park project in Raipur.
- The project will be developed under the Public Private Partnership (PPP) model through a joint venture led by Ashoka Buildcon with a 51% stake.
- The accepted premium amount for the project stands at ₹112.40 crore.
- The project involves development over an area of approximately 38,922 square metres in Raipur, Chhattisgarh.
- The concession period is 30 years, extendable up to 90 years, with a construction period of five years.
Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from Chhattisgarh State Industrial Development Corporation Limited (CSIDC) for the development of a Gems and Jewellery Park in Raipur, Chhattisgarh, under the Public Private Partnership (PPP) model.
In a regulatory filing dated June 13, 2026, the company stated that it had participated in the project through a joint venture in which Ashoka Buildcon serves as the lead member with a 51% stake. The project marks another addition to the company’s portfolio of infrastructure and development initiatives.
According to the disclosure, the Gems and Jewellery Park will be developed over an area of approximately 38,922 square metres in Raipur. The project has been awarded by CSIDC, a domestic entity responsible for promoting industrial development in Chhattisgarh.
Ashoka Buildcon said the accepted premium amount payable for the project is ₹112.40 crore. Additionally, the lease rent has been fixed at 2% of the premium amount, with an escalation of 10% every four years.
The company further disclosed that the project carries a lease period of 30 years, which can be extended up to 90 years. The construction phase of the project is expected to be completed within five years.
Ashoka Buildcon clarified that neither the promoter group nor related parties have any interest in the awarding entity, and the contract does not fall under related party transactions.
The development of the Gems and Jewellery Park is expected to support industrial growth and enhance the gems and jewellery ecosystem in Chhattisgarh by creating infrastructure for businesses operating in the sector.
