Ashoka Buildcon’s Arm Signs Contract for WB Road Project
ROADS & HIGHWAYS

Ashoka Buildcon’s Arm Signs Contract for WB Road Project

Ashoka Buildcon has announced that its subsidiary, Ashoka Bowaichandi Guskara Road, has signed a concession agreement with the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor in West Bengal. This project, located on NH 116A, stretches from Bowaichandi to Guskara-Katwa Road and is valued at Rs 13.91 billion. The work will be carried out under the Hybrid Annuity Mode (HAM) and is expected to be completed within 910 days, including the monsoon period.

The project’s completion will involve significant improvements in infrastructure, facilitating better connectivity for the region. Ashoka Buildcon’s strong performance in securing this contract adds to its growing portfolio, which has been a key factor in its robust financial results. The company recently reported a 334.27% year-on-year increase in net profit, rising to Rs 4.62 billion in Q2 FY24. This growth is driven by an increase in revenues and a significant boost in EBITDA margins.

Ashoka Buildcon’s expanding project base underscores its expertise in large-scale infrastructure projects, positioning it as a key player in India’s road development sector.

Ashoka Buildcon has announced that its subsidiary, Ashoka Bowaichandi Guskara Road, has signed a concession agreement with the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor in West Bengal. This project, located on NH 116A, stretches from Bowaichandi to Guskara-Katwa Road and is valued at Rs 13.91 billion. The work will be carried out under the Hybrid Annuity Mode (HAM) and is expected to be completed within 910 days, including the monsoon period.The project’s completion will involve significant improvements in infrastructure, facilitating better connectivity for the region. Ashoka Buildcon’s strong performance in securing this contract adds to its growing portfolio, which has been a key factor in its robust financial results. The company recently reported a 334.27% year-on-year increase in net profit, rising to Rs 4.62 billion in Q2 FY24. This growth is driven by an increase in revenues and a significant boost in EBITDA margins.Ashoka Buildcon’s expanding project base underscores its expertise in large-scale infrastructure projects, positioning it as a key player in India’s road development sector.

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?