Ashoka Buildcon secures Rs 13.91 billion NHAI project LOA
ROADS & HIGHWAYS

Ashoka Buildcon secures Rs 13.91 billion NHAI project LOA

Ashoka Buildcon has announced receiving a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a Hybrid Annuity Mode (HAM) road project in West Bengal. The project’s accepted bid cost is Rs 13.91 billion, excluding goods and services tax (GST).  

In its stock exchange filing on Monday, the company stated that the project involves developing a four-lane economic corridor on the “Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3)” under the HAM model.

The company also mentioned that it had been declared the lowest bidder (L-1) on November 18, 2024, for this project and another HAM project. The second project involves constructing a four-lane economic corridor on the “Kharagpur to Chandrakona Ghatal Road Crossing Section (Km 0.000 to Km 41.000) of NH 116A (Package-1)” in West Bengal. 

The quoted bid price for the Kharagpur to Chandrakona Ghatal project is Rs 14 billion, excluding GST. However, the company has not yet provided updates on the LOA for the second project.

Both projects are planned to be completed within 910 days, including the monsoon period.

Ashoka Buildcon has announced receiving a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a Hybrid Annuity Mode (HAM) road project in West Bengal. The project’s accepted bid cost is Rs 13.91 billion, excluding goods and services tax (GST).  In its stock exchange filing on Monday, the company stated that the project involves developing a four-lane economic corridor on the “Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3)” under the HAM model.The company also mentioned that it had been declared the lowest bidder (L-1) on November 18, 2024, for this project and another HAM project. The second project involves constructing a four-lane economic corridor on the “Kharagpur to Chandrakona Ghatal Road Crossing Section (Km 0.000 to Km 41.000) of NH 116A (Package-1)” in West Bengal. The quoted bid price for the Kharagpur to Chandrakona Ghatal project is Rs 14 billion, excluding GST. However, the company has not yet provided updates on the LOA for the second project.Both projects are planned to be completed within 910 days, including the monsoon period.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?