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 Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?