NHAI withdraws Rs 2,161 crore order awarded to Ashoka Buildcon
ROADS & HIGHWAYS

NHAI withdraws Rs 2,161 crore order awarded to Ashoka Buildcon

According to Ashoka Buildcon, the National Highways Authority of India (NHAI) has withdrawn the letter of award for a project in Danapur, Bihar. The total contract value was Rs 2,161 crore.

The NHAI had barred the company, so the contract was not signed and the letter of award was withdrawn, according to Ashoka Buildcon's regulatory filing to the exchanges.

The NHAI awarded Ashoka Buildcon the project of constructing a four-lane elevated corridor and at-grade improvements of the Danapur-Bihta section, at-grade improvements to the four-lane section on the Danapur side, and upgradation of the existing two-lane carriageway to four-lane carriageway of the Bihta-Koilwar section in Bihar on January 25, 2023.

According to the proposal request, the NHAI cancelled the bidding process and invited a new bid for the project.

According to Ashoka Buildcon, the debarment will expire on April 15, 2023, and the company will be eligible to participate in all bids called by various authorities, including the NHAI.

Also Read
Rs 45 bn investment by Macrotech Developers on real estate projects
NE India inaugurates its second largest air cargo terminal

According to Ashoka Buildcon, the National Highways Authority of India (NHAI) has withdrawn the letter of award for a project in Danapur, Bihar. The total contract value was Rs 2,161 crore. The NHAI had barred the company, so the contract was not signed and the letter of award was withdrawn, according to Ashoka Buildcon's regulatory filing to the exchanges. The NHAI awarded Ashoka Buildcon the project of constructing a four-lane elevated corridor and at-grade improvements of the Danapur-Bihta section, at-grade improvements to the four-lane section on the Danapur side, and upgradation of the existing two-lane carriageway to four-lane carriageway of the Bihta-Koilwar section in Bihar on January 25, 2023. According to the proposal request, the NHAI cancelled the bidding process and invited a new bid for the project. According to Ashoka Buildcon, the debarment will expire on April 15, 2023, and the company will be eligible to participate in all bids called by various authorities, including the NHAI. Also Read Rs 45 bn investment by Macrotech Developers on real estate projects NE India inaugurates its second largest air cargo terminal

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?