Ashoka Buildcon bags NHAI corridor project in Kerala
ROADS & HIGHWAYS

Ashoka Buildcon bags NHAI corridor project in Kerala

Ashoka Buildcon has emerged as the lowest bidder (L-1) for a project floated by the National Highway Authority of India, the bid value of which is Rs 16.68 billion.

The project is “Request for proposal for construction of six-lane elevated corridor along with development of existing four-lane road at ground level from Aroor to Thuravoor Thekku section of NH-66 (length 12.752 km) under Bharatmala Pariyojana in Kerala on EPC mode”.

Ashoka Buildcon is in the business of construction of infrastructure facilities on engineering, procurement and construction (EPC) and build, operate and transfer (BOT) bases, and sale of ready-mix concrete.

The company's consolidated net profit declined 20.4% to Rs 636.60 million on a 42.9% increase in net sales to Rs 18.07 billion in Q2 FY23 against Q2 FY22.

See also:
Work on Varanasi-Ranchi-Kolkata expressway to begin in Jan
East Coast Road in TN to be widened in Rs 70 bn project


Ashoka Buildcon has emerged as the lowest bidder (L-1) for a project floated by the National Highway Authority of India, the bid value of which is Rs 16.68 billion. The project is “Request for proposal for construction of six-lane elevated corridor along with development of existing four-lane road at ground level from Aroor to Thuravoor Thekku section of NH-66 (length 12.752 km) under Bharatmala Pariyojana in Kerala on EPC mode”. Ashoka Buildcon is in the business of construction of infrastructure facilities on engineering, procurement and construction (EPC) and build, operate and transfer (BOT) bases, and sale of ready-mix concrete. The company's consolidated net profit declined 20.4% to Rs 636.60 million on a 42.9% increase in net sales to Rs 18.07 billion in Q2 FY23 against Q2 FY22. See also: Work on Varanasi-Ranchi-Kolkata expressway to begin in JanEast Coast Road in TN to be widened in Rs 70 bn project

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000