Ashoka Buildcon becomes lowest bidder for Rs 829 cr road project
ROADS & HIGHWAYS

Ashoka Buildcon becomes lowest bidder for Rs 829 cr road project

Ashoka Buildcon Limited announced that the company emerged as the lowest bidder for the National Highways Authority of India's (NHAI) road project worth Rs 829 crore.

According to data, the company submitted the bid to NHAI regarding the project through Request for Proposal (RFP) for Construction of 6 laning from Belgaum to Sankeshwar Bypass from 515 km to 555+017 km of National Highway 48 in Karnataka on engineering, procurement and construction (EPC) mode under Bharatmala Pariyojana Package-I project.

The company has emerged as the lowest bidder for the project and quoted a bid price of Rs 829.49 crore.

The shares of Ashoka Buildcon traded at Rs 104.15 per piece, lower by Rs 0.3 of 0.29% on the National Stock Exchange (NSE).

Ashoka Buildcon is among the leading highway developers in India and is engaged in the construction and maintenance works of roads and supporting services to land support operation of toll roads.

Image Source

Also read: Ashoka Buildcon shares surge after Rs 769 cr road project order

Also read: Bundelkhand Eway: Ashoka Buildcon lays 12,700 tonne of DBM in ...

Ashoka Buildcon Limited announced that the company emerged as the lowest bidder for the National Highways Authority of India's (NHAI) road project worth Rs 829 crore. According to data, the company submitted the bid to NHAI regarding the project through Request for Proposal (RFP) for Construction of 6 laning from Belgaum to Sankeshwar Bypass from 515 km to 555+017 km of National Highway 48 in Karnataka on engineering, procurement and construction (EPC) mode under Bharatmala Pariyojana Package-I project. The company has emerged as the lowest bidder for the project and quoted a bid price of Rs 829.49 crore. The shares of Ashoka Buildcon traded at Rs 104.15 per piece, lower by Rs 0.3 of 0.29% on the National Stock Exchange (NSE). Ashoka Buildcon is among the leading highway developers in India and is engaged in the construction and maintenance works of roads and supporting services to land support operation of toll roads. Image Source Also read: Ashoka Buildcon shares surge after Rs 769 cr road project order Also read: Bundelkhand Eway: Ashoka Buildcon lays 12,700 tonne of DBM in ...

Next Story
Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Next Story
Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

Next Story
Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?