Ashoka gains on emerging lowest bidder for projects from MMRDA
RAILWAYS & METRO RAIL

Ashoka gains on emerging lowest bidder for projects from MMRDA

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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?