Ashoka Buildcon receives highway EPC contract worth Rs 1,567.45 cr

06 Sep 2021 CW Team

Ashoka Buildcon, Highway developer, told the media that it received an EPC contract worth Rs 1,567.45 crores from Adani Road Transport Ltd for a highway project in West Bengal.

Ashoka Buildcon told the media that it had received a Letter of Award from Adani Road Transport in an exchange filing to implement civil and associated works based on engineering, procurement and construction (EPC) for six-laning a section of national corridor NH-19 from Panagarh to Palsit in West Bengal.

It said that the price of the EPC contract that has been accepted is Rs 1,567.45 crore.

Adani Road Transport is an entirely owned subsidiary of Adani Enterprises Ltd, incorporated with an aim to carry out the construction business, operation and maintenance of highways, expressways and roads.

The Adani group announced that it won an award from the National Highways Authority of India (NHAI) in April for the road project in West Bengal based on build-operate-transfer (BOT).

Additionally, Adani Road Transport mentioned that the cost estimated by NHAI for the project was Rs 2020.93 crore, while the concession period for it was 20 years, including a construction period of 2.5 years.

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Also read: Govt approves Rs 1,539 cr national highway project in Odisha

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