Ashoka Buildcon’s Arm Signs Contract for WB Road Project

10 Jan 2025 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..