Ashoka Buildcon bags NHAI corridor project in Kerala
ROADS & HIGHWAYS

Ashoka Buildcon bags NHAI corridor project in Kerala

Ashoka Buildcon has emerged as the lowest bidder (L-1) for a project floated by the National Highway Authority of India, the bid value of which is Rs 16.68 billion.

The project is “Request for proposal for construction of six-lane elevated corridor along with development of existing four-lane road at ground level from Aroor to Thuravoor Thekku section of NH-66 (length 12.752 km) under Bharatmala Pariyojana in Kerala on EPC mode”.

Ashoka Buildcon is in the business of construction of infrastructure facilities on engineering, procurement and construction (EPC) and build, operate and transfer (BOT) bases, and sale of ready-mix concrete.

The company's consolidated net profit declined 20.4% to Rs 636.60 million on a 42.9% increase in net sales to Rs 18.07 billion in Q2 FY23 against Q2 FY22.

See also:
Work on Varanasi-Ranchi-Kolkata expressway to begin in Jan
East Coast Road in TN to be widened in Rs 70 bn project


Ashoka Buildcon has emerged as the lowest bidder (L-1) for a project floated by the National Highway Authority of India, the bid value of which is Rs 16.68 billion. The project is “Request for proposal for construction of six-lane elevated corridor along with development of existing four-lane road at ground level from Aroor to Thuravoor Thekku section of NH-66 (length 12.752 km) under Bharatmala Pariyojana in Kerala on EPC mode”. Ashoka Buildcon is in the business of construction of infrastructure facilities on engineering, procurement and construction (EPC) and build, operate and transfer (BOT) bases, and sale of ready-mix concrete. The company's consolidated net profit declined 20.4% to Rs 636.60 million on a 42.9% increase in net sales to Rs 18.07 billion in Q2 FY23 against Q2 FY22. See also: Work on Varanasi-Ranchi-Kolkata expressway to begin in JanEast Coast Road in TN to be widened in Rs 70 bn project

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?