Ashoka Buildcon Limited has been awarded a ₹1,391 crore project by the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor in West Bengal. The project, awarded under the Hybrid Annuity Mode, spans from Bowaichandi to the Guskara-Katwa road section, covering a length from Km 89.814 to Km 133.000 of NH 116A.
The project is to be completed within 910 days, including the monsoon period. Ashoka Buildcon had submitted its bid for this initiative earlier and has now received the Letter of Award (LOA). The project cost excludes GST.
This disclosure, made in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company’s robust presence in the infrastructure development sector and its commitment to executing critical national projects.
The contract is a significant addition to Ashoka Buildcon’s portfolio, further solidifying its position as a leading infrastructure player in India.
