Ashoka gains on emerging lowest bidder for projects from MMRDA

09 Aug 2024 CW Team

In a statement filed with the stock exchange, Ashoka Buildcon reported that it had submitted bids for two projects with the MMRDA and had emerged as the lowest bidder for both. The projects are classified under Engineering, Procurement, and Construction (EPC) work.

The first order requires Ashoka Buildcon Ltd to design and construct the Creek Bridge from Kolshet to Kalher, while the second order involves the design and construction of the Creek Bridge from Gaimukh to Payega, with a completion timeline of 36 months, including the monsoon period.

Ashoka Buildcon Ltd is a company that specialises in construction and infrastructure development, operating on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) basis. The company also engages in the production and sale of Ready Mix Concrete (RMC). As a Fortune India 500 company, Ashoka Buildcon is a leading player in India?s highway development sector, operating as an integrated entity across EPC, BOT, and HAM (Hybrid Annuity Model) projects. Its key segments include Highways & Bridges, Power (EPC), Railway Works, Buildings (EPC), City Gas Distribution, and Smart Infrastructure. With experience in executing or currently handling 41 Public-Private Partnership (PPP) projects, Ashoka Buildcon has a significant presence across more than 20 states in India. Notable achievements include constructing one of India?s longest 6-lane flyovers in Kerala, spanning 12.752 km, India?s first 8-lane Extradosed Cable Stayed Bridge, completed in just 33 months, and the Bundelkhand Expressway.

Shares of the construction engineering company Ashoka Buildcon increased by as much as 2.83 %, reaching an intraday high of Rs 259.50 per share in an otherwise weak market. This rise in share price followed the company?s announcement that it had emerged as the lowest bidder (L-1) for two projects from the Mumbai Metropolitan Region Development Authority (MMRDA). In a statement filed with the stock exchange, Ashoka Buildcon reported that it had submitted bids for two projects with the MMRDA and had emerged as the lowest bidder for both. The projects are classified under Engineering, Procurement, and Construction (EPC) work. The first order requires Ashoka Buildcon Ltd to design and construct the Creek Bridge from Kolshet to Kalher, while the second order involves the design and construction of the Creek Bridge from Gaimukh to Payega, with a completion timeline of 36 months, including the monsoon period. Ashoka Buildcon Ltd is a company that specialises in construction and infrastructure development, operating on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) basis. The company also engages in the production and sale of Ready Mix Concrete (RMC). As a Fortune India 500 company, Ashoka Buildcon is a leading player in India?s highway development sector, operating as an integrated entity across EPC, BOT, and HAM (Hybrid Annuity Model) projects. Its key segments include Highways & Bridges, Power (EPC), Railway Works, Buildings (EPC), City Gas Distribution, and Smart Infrastructure. With experience in executing or currently handling 41 Public-Private Partnership (PPP) projects, Ashoka Buildcon has a significant presence across more than 20 states in India. Notable achievements include constructing one of India?s longest 6-lane flyovers in Kerala, spanning 12.752 km, India?s first 8-lane Extradosed Cable Stayed Bridge, completed in just 33 months, and the Bundelkhand Expressway.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..