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According to Ashoka Buildcon, the National Highways Authority of India (NHAI) has withdrawn the letter of award for a project in Danapur, Bihar.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The NHAI had barred the company, so the contract was not signed and the letter of award was withdrawn, according to Ashoka Buildcon's regulatory filing to the exchanges.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According to Ashoka Buildcon, the National Highways Authority of India (NHAI) has withdrawn the letter of award for a project in Danapur, Bihar.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 The NHAI had barred the company, so the contract was not signed and the letter of award was withdrawn, according to Ashoka Buildcon's regulatory filing to the exchanges.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
Real Estate

What Does Home Insurance Really Cover?

Home insurance is one of the most important protections a homeowner can have. It offers financial cover for unexpected damages, losses, or liabilities related to your property. However, many homeowners are not fully aware of what is actually included in their home insurance policy.This guide breaks down what home insurance really covers, so you can be better prepared and make informed decisions.What is home insurance?Home insurance is a financial product that protects your house and belongings against damage, theft, or accidents. It generally includes coverage for the building itself, as ..

Next Story
Infrastructure Urban

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Next Story
Equipment

Raimondi Names New Saudi Branch Head

Raimondi Middle East has announced the appointment of Ahmad Shakkour as Branch Manager for the Kingdom of Saudi Arabia, reinforcing the company’s commitment to expanding its presence in one of its key regional markets.With Saudi Arabia driving a wave of large-scale infrastructure and urban development projects, Raimondi aims to strengthen its on-ground operations and customer engagement. The company currently has over 100 cranes deployed across the country and continues to expand its technical and service teams to support growing demand.“Saudi Arabia represents a cornerstone of our regiona..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?