Project execution delays due to land acquisition and forest clearances
Two Maharashtra projects are stalled pending forest and land clearances, with potential start pushed to December or March.
ASHOKA / bear-case history
Track the concerns that keep returning.
Ashoka Buildcon · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Slower-than-expected HAM asset monetization
Monetization of four HAM assets by March and two by June may slip if approvals or investor due diligence are delayed.
Contingent consideration from asset sales may be lower
The ₹700 crore contingent consideration from BOT asset sales could be reduced to ~₹500 crore due to NHI claim uncertainties.
Revenue concentration risk from project cancellations
One MSRDC project (₹279 crore) was cancelled due to scope changes; similar issues could affect other packages.