Ashoka Buildcon Limited has been declared the Lowest Bidder (L-1) for a project awarded by the National Highways Authority of India (NHAI). The quoted EPC price for this project is ₹865.90 Crore, excluding GST. This development marks a significant step for the company in expanding its infrastructure portfolio with a major highway development project.
Ashoka Buildcon Secures L1 Status for NHAI Project
Ashoka Buildcon Limited has announced that it has been declared the Lowest Bidder (L-1) for a significant project tendered by the National Highways Authority of India (NHAI). This achievement positions the company to potentially undertake substantial infrastructure development.
Project Details and Value
The project involves the construction of an 8-lane access-controlled expressway and is part of the Vadodara Mumbai Expressway (Karvad to Jujuwa section) in Gujarat, designated as Package IX. The company’s bid for this project stands at ₹865.90 Crore, exclusive of Goods and Services Tax (GST). The contract is to be executed in an EPC (Engineering, Procurement, and Construction) mode, with a defect liability period of 10 years.
Execution and Timeline
The estimated time period for the execution of this order/contract is 18 months. This marks a key addition to Ashoka Buildcon’s order book and is expected to contribute significantly to its future revenue streams and project pipeline.
Strategic Importance
This L-1 status underlines Ashoka Buildcon’s competitive strength in bidding for large-scale highway projects. The company has a strong track record in the infrastructure sector, and this award further solidifies its presence in the development of critical national highway networks.
Source: BSE
