Bangladesh awards $80 mn road development contract to Ashoka Buildcon
ROADS & HIGHWAYS

Bangladesh awards $80 mn road development contract to Ashoka Buildcon

Ashoka Buildcon declared that the Ministry of Road Transport and Bridges (MORTB), Government of Bangladesh, gave them a Notification of Award (NoA) for an order worth $80.2 million. The contract is for enhancing the Baraiyerhat-Heanko-Ramgarh Road (R151 and R152) and includes widening and rebuilding the road's current pavements.

For the National Roads Authority of India's (NHAI) project in Telangana under the Bharatmala Pariyojna, the company received a provisional certificate recently. The company will be involved in all aspects of the project's planning, development, funding, procurement, construction, commissioning, operation, and maintenance. Out of the overall project highway length of 39.980 km, the business acquired a provisional certificate for 37.92 km.

Ashoka Buildcon released their December quarter earnings at the start of the month. In comparison to the same quarter previous year, the company's net profit decreased by approximately 65% to Rs 1.36 billion from Rs 2.93 billion. Also, the company experienced a decline in its margin, which dropped to 25.1% from 27.7% in the same period last year. Nonetheless, the EBITDA increased 23% to Rs 4.9 billion from Rs 3.98 billion in the corresponding quarter last year.

Ashoka Buildcon declared that the Ministry of Road Transport and Bridges (MORTB), Government of Bangladesh, gave them a Notification of Award (NoA) for an order worth $80.2 million. The contract is for enhancing the Baraiyerhat-Heanko-Ramgarh Road (R151 and R152) and includes widening and rebuilding the road's current pavements. For the National Roads Authority of India's (NHAI) project in Telangana under the Bharatmala Pariyojna, the company received a provisional certificate recently. The company will be involved in all aspects of the project's planning, development, funding, procurement, construction, commissioning, operation, and maintenance. Out of the overall project highway length of 39.980 km, the business acquired a provisional certificate for 37.92 km. Ashoka Buildcon released their December quarter earnings at the start of the month. In comparison to the same quarter previous year, the company's net profit decreased by approximately 65% to Rs 1.36 billion from Rs 2.93 billion. Also, the company experienced a decline in its margin, which dropped to 25.1% from 27.7% in the same period last year. Nonetheless, the EBITDA increased 23% to Rs 4.9 billion from Rs 3.98 billion in the corresponding quarter last year.

Next Story
Infrastructure Transport

Adani wins Kedarnath ropeway project to cut trek to 36 minutes

Adani Enterprises Ltd (AEL) has secured the contract to build a 12.9-km ropeway connecting Sonprayag with Kedarnath, a project expected to transform the pilgrimage experience. Awarded by National Highways Logistics Management Ltd (NHLML), the project will be executed under the National Ropeways Development Programme – Parvatmala Pariyojana.Currently, pilgrims undertake a gruelling nine-hour trek to Kedarnath. The ropeway will reduce this journey to just 36 minutes and can transport 1,800 passengers per hour in each direction, serving the nearly 20 lakh devotees who visit annually.The Rs 25,0..

Next Story
Infrastructure Transport

Gurugram Rapid Metro to shift from DMRC to GMRL control

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) has begun the process of transferring Gurugram’s Rapid Metro operations from the Delhi Metro Rail Corporation (DMRC) to Gurugram Metro Rail Limited (GMRL). The decision was taken at HMRTC’s 62nd Board meeting, chaired by chief secretary Anurag Rastogi.Committees have been formed to oversee the transition, covering technical, legal, and operational aspects, with definitive timelines being prepared. Until the transfer is complete, the system will be managed jointly by DMRC and GMRL.The Rapid Metro has shown notable performance impr..

Next Story
Infrastructure Transport

Chandigarh Metro cost climbs to Rs 25,000 crore amid delays

The long-awaited Chandigarh Tricity Metro project has seen its estimated cost balloon to nearly Rs 25,000 crore, following delays in approvals by the Union Territory administration. The cost, which stood at Rs 23,263 crore in February 2025, has risen by Rs 1,737 crore in just seven months, according to officials.The matter was raised during the transport standing committee meeting of the Administrator’s Advisory Council, chaired by AAP state president Vijay Pal. A presentation by Rail India Technical and Economic Service (RITES) strongly recommended that the Metro is the most suitable mass r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?