Ashoka Buildcon Limited — New Orders, 18-11-2024: Awarding of order(s)/contract(s)

Ashoka Buildcon Limited has been declared the Lowest Bidder (L-1) for two projects awarded by the National Highways Authority of India (NHAI). The total quoted bid price for these projects is Rs. 2,791 Crore, excluding GST. The projects involve the development of a four-lane economic corridor in West Bengal under the Hybrid Annuity Mode. The execution period for these contracts is set at 910 days, including the monsoon season. This development is a positive indication of the company's positioning in infrastructure development and could contribute significantly to its revenue stream going forward. Investors may want to watch closely as this could enhance Ashoka Buildcon's growth prospects in the coming years.