Monday, November 18, 2019

ASHOKA BUILDCON bags 10 Billion Rupees road construction project in Telangana



NASHIK | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT - In a regulatory update submitted to the Indian Stock Exchanges, Nashik headquartered Infrastructure company Ashoka Buildcon Ltd said of having bagged 10 billion (~1,000 Crore) rupees worth of road construction project in Telangana.

The filing as submitted by the company to the Indian Bourses, read that, Ashoka Buildcon Limited ("the Company") informs that Ashoka Concessions Limited ("ACL"), a Subsidiary of the Company, had submitted its bid to National Highways Authority of India ("NHAI") for the Project viz. Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode.

ACL emerged as "the Lowest Bidder" at the Financial Bid opening meeting held on November 18, 2019.

The quoted Bid Project Cost for the Project is Rs.1,000 Crore.

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