Ashoka Buildcon secures Rs 13.91 billion NHAI project LOA
ROADS & HIGHWAYS

Ashoka Buildcon secures Rs 13.91 billion NHAI project LOA

Ashoka Buildcon has announced receiving a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a Hybrid Annuity Mode (HAM) road project in West Bengal. The project’s accepted bid cost is Rs 13.91 billion, excluding goods and services tax (GST).  

In its stock exchange filing on Monday, the company stated that the project involves developing a four-lane economic corridor on the “Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3)” under the HAM model.

The company also mentioned that it had been declared the lowest bidder (L-1) on November 18, 2024, for this project and another HAM project. The second project involves constructing a four-lane economic corridor on the “Kharagpur to Chandrakona Ghatal Road Crossing Section (Km 0.000 to Km 41.000) of NH 116A (Package-1)” in West Bengal. 

The quoted bid price for the Kharagpur to Chandrakona Ghatal project is Rs 14 billion, excluding GST. However, the company has not yet provided updates on the LOA for the second project.

Both projects are planned to be completed within 910 days, including the monsoon period.

Ashoka Buildcon has announced receiving a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a Hybrid Annuity Mode (HAM) road project in West Bengal. The project’s accepted bid cost is Rs 13.91 billion, excluding goods and services tax (GST).  In its stock exchange filing on Monday, the company stated that the project involves developing a four-lane economic corridor on the “Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3)” under the HAM model.The company also mentioned that it had been declared the lowest bidder (L-1) on November 18, 2024, for this project and another HAM project. The second project involves constructing a four-lane economic corridor on the “Kharagpur to Chandrakona Ghatal Road Crossing Section (Km 0.000 to Km 41.000) of NH 116A (Package-1)” in West Bengal. The quoted bid price for the Kharagpur to Chandrakona Ghatal project is Rs 14 billion, excluding GST. However, the company has not yet provided updates on the LOA for the second project.Both projects are planned to be completed within 910 days, including the monsoon period.

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

Häfele launches Matrix undermount runners range

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?