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 quoted bid price for the projects totals Rs. 2,791 Crore, excluding GST. The projects involve the development of a 4-lane economic corridor in West Bengal: from Kharagpur to Chandrakona-Ghatal Road Crossing (Package-I) and from Bowaichandi to Guskara-Katwa Road Section (Package-3). Both projects are scheduled for completion within 910 days, including the monsoon period. This development reflects positively on the company’s strategic direction and could enhance its revenue stream, warranting close observation from investors.