Ashoka Buildcon bags NHAI corridor project in Kerala

02 Dec 2022 CW Team

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.

Real Estate

07 Oct 2025

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Magicbricks, India’s leading real estate platform, has released its PropIndex Report for July–September 2025, revealing signs of stabilisation in the housing market. Despite affordability pressures, housing demand grew 3.1 per cent QoQ, driven largely by compact homes. The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.While overall supply increased marginally by 1 per cent QoQ (–4.5 per cent YoY), property prices continued to rise. Pune (+41.4 per cent YoY), Mumbai (+29.6 per cent YoY), and Greater..

Flytta Launches India’s First Retrofitted Electric Truck for the Heavy-Duty Segment

Flytta has unveiled India’s first retrofitted 13-ton payload capacity electric truck, specially designed for cement bag transportation across challenging ghat roads and industrial terrains. Developed by Kalyani Powertrain (KPTL)—the electric mobility arm of the Kalyani Group—the truck will operate with Dalmia Cement on the Yadwad–Goa corridor.This industry-first collaboration brings together Flytta’s sustainable logistics expertise, Kalyani’s engineering capabilities in EV retrofitting, and Dalmia Cement’s commitment to green manufacturing. The partnership marks a significant ste..

REC Launches Rs 50.71 Mn Mobile Medical Units in Rajasthan

In a bid to make quality healthcare accessible to remote and underserved communities, REC has extended financial support of Rs 50.71 million under its CSR initiative to the Indian Red Cross Society, Alwar, for operating five Mobile Medical Units (MMUs) over the next three years.The MMUs were flagged off on October 5, 2025, by Bhupender Yadav, Hon’ble Union Minister of Environment, Forest & Climate Change, and Sanjay Sharma, Minister of Environment, Forest & Climate Change and Science & Technology, Government of Rajasthan.The event was attended by members of the REC CSR team, M L ..