Ashoka Buildcon Limited witnessed a 2% rise in its stock price after securing a ₹1,391 crore project from the National Highways Authority of India (NHAI). The project, awarded under the Hybrid Annuity Mode (HAM), involves developing a four-lane economic corridor in West Bengal.
The corridor stretches from Bowaichandi to the Guskara-Katwa road section, covering NH 116A between Km 89.814 and Km 133.000. The completion timeline for this project is set at 910 days, inclusive of the monsoon season.
This major infrastructure win reinforces Ashoka Buildcon’s strong presence in the road construction sector. The Letter of Award (LOA) for the project marks a significant milestone in the company’s portfolio of public infrastructure developments.
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