Ashoka Buildcon becomes lowest bidder for Rs 829 cr road project
ROADS & HIGHWAYS

Ashoka Buildcon becomes lowest bidder for Rs 829 cr road project

Ashoka Buildcon Limited announced that the company emerged as the lowest bidder for the National Highways Authority of India's (NHAI) road project worth Rs 829 crore.

According to data, the company submitted the bid to NHAI regarding the project through Request for Proposal (RFP) for Construction of 6 laning from Belgaum to Sankeshwar Bypass from 515 km to 555+017 km of National Highway 48 in Karnataka on engineering, procurement and construction (EPC) mode under Bharatmala Pariyojana Package-I project.

The company has emerged as the lowest bidder for the project and quoted a bid price of Rs 829.49 crore.

The shares of Ashoka Buildcon traded at Rs 104.15 per piece, lower by Rs 0.3 of 0.29% on the National Stock Exchange (NSE).

Ashoka Buildcon is among the leading highway developers in India and is engaged in the construction and maintenance works of roads and supporting services to land support operation of toll roads.

Image Source

Also read: Ashoka Buildcon shares surge after Rs 769 cr road project order

Also read: Bundelkhand Eway: Ashoka Buildcon lays 12,700 tonne of DBM in ...

Ashoka Buildcon Limited announced that the company emerged as the lowest bidder for the National Highways Authority of India's (NHAI) road project worth Rs 829 crore. According to data, the company submitted the bid to NHAI regarding the project through Request for Proposal (RFP) for Construction of 6 laning from Belgaum to Sankeshwar Bypass from 515 km to 555+017 km of National Highway 48 in Karnataka on engineering, procurement and construction (EPC) mode under Bharatmala Pariyojana Package-I project. The company has emerged as the lowest bidder for the project and quoted a bid price of Rs 829.49 crore. The shares of Ashoka Buildcon traded at Rs 104.15 per piece, lower by Rs 0.3 of 0.29% on the National Stock Exchange (NSE). Ashoka Buildcon is among the leading highway developers in India and is engaged in the construction and maintenance works of roads and supporting services to land support operation of toll roads. Image Source Also read: Ashoka Buildcon shares surge after Rs 769 cr road project order Also read: Bundelkhand Eway: Ashoka Buildcon lays 12,700 tonne of DBM in ...

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?