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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..