Ashoka Buildcon secures Rs 13.91 billion NHAI project LOA

28 Nov 2024 CW Team

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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..