Ashoka Buildcon, in a joint venture, has received a Letter of Acceptance for a project valued at ₹474.38 Crore (including GST) from Bihar Rajya Pul Nirman Nigam Limited. The project involves the construction of a 2280-meter bridge over the River Gandak, with associated infrastructure. Ashoka Buildcon holds a 51% stake in the joint venture, making its share of the project worth ₹241.93 Crore, inclusive of GST.
New Project Award
Ashoka Buildcon has secured a significant infrastructure project in Bihar through a joint venture. The company has received a Letter of Acceptance from Bihar Rajya Pul Nirman Nigam Limited for a project involving bridge construction.
Project Details
The project encompasses the construction of a H.L.R.C.C. Bridge, which will span a total length of 2280 meters over the River Gandak. This includes other major bridges and approach roads connecting Fatehabad in Paroo block and Chanchaliya in Saraiya Block in the district of Muzaffarpur. The project will be executed through an Engineering, Procurement & Construction (EPC) Mode.
Financial Impact
The total accepted Bid Price for the Project is ₹474.38 Crore, inclusive of GST. Ashoka Buildcon holds a 51% stake in the Joint Venture as Lead Member – Partner. This translates to a share of ₹241.93 Crore Incl. GST for the company.
Joint Venture Details
The project will be executed in a Joint Venture with Aakshya Infra Project Private Limited, with Ashoka Buildcon taking the lead.
Project Timeline
The project is expected to be completed within 30 months.
Source: BSE
