Ashoka Buildcon wins ₹1,126.58 crore flyover project from BMC

project. The company has secured a contract valued at ₹1,126.58 crore, including taxes, for the construction of two flyover arms at the T Junction on the Sion Panvel Highway in Maharashtra Nagar, M/E Ward.

Ashoka Buildcon Limited has announced that it has received a Letter of Acceptance (LOA) from the Brihanmumbai Municipal Corporation (BMC) for a major infrastructure project. The company has secured a contract valued at ₹1,126.58 crore, including taxes, for the construction of two flyover arms at the T Junction on the Sion Panvel Highway in Maharashtra Nagar, M/E Ward.

The project will be executed over a period of 30 months, including monsoon seasons. The contract is awarded on a percentage rate basis, and the project aims to improve connectivity and traffic flow in the area.

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Ashoka Buildcon has informed the stock exchanges of this development in compliance with SEBI’s disclosure regulations. The company has assured that further updates will be provided as the project progresses.