Ashoka Buildcon bags Rs 2,086 crore projects from NHAI

Image
Press Trust of India Mumbai
Last Updated : Jul 19 2016 | 6:02 PM IST
Engineering firm Ashoka Buildcon today said it has bagged two contracts valued at Rs 2,086 crore from the National Highways Authority of India (NHAI) in Punjab and Jharkhand.
"The company has emerged as the lowest bidder for the Rs 1,600 crore 4/6 laning of Kharar to Ludhiana section of NH-95 project in Punjab. The project will be developed on the hybrid annuity model," Ashoka Buildcon said in a BSE filing.
It has also received Letter of Award from NHAI for 2/4 laning with paved shoulders of Govindpur (Rajgunj)- Chas -West Bengal Border section of NH-32 in Jharkhand on NHDP Phase-IV on EPC mode. The accepted bid value of the project is Rs 486 crore, it said.
The Kharar-Ludhiana project is expected to expedite the improvement of infrastructure in Punjab and reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Kharar and Ludhiana section.
The company currently has a portfolio of 25 BOT projects of which 20 are revenue generating as of date.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2016 | 6:02 PM IST

Next Story