iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ashoka Buildcon emerges as lowest bidder for ₹1,280 Crore project

5 Aug 2024 , 02:40 PM

On Saturday, August 3, Ashoka Buildcon was announced as the lowest bidder for two projects totalling around ₹1,280.8 Crore by the Mumbai Metropolitan Region Development Authority.

The two projects are to design and build creek bridges from Kolshet to Kalher and Gaimukh to Payegaon. Both contracts cover engineering, procurement, and construction (EPC) work.

The Kolshet to Kalher stream bridge project, approximately ₹289.6 Crore, is projected to be finished in 42 months. The Gaimukh-Payegaon stream bridge project, worth ₹991.2 Crore, is projected to be finished in 36 months.

Ashoka Buildcon Ltd works in the construction and infrastructure facilities sectors, using both the EPC and build-operate-transfer (BOT) methods.

In June, the business was the lowest bidder for two projects for ₹2,153 Crore from the Maharashtra State Road Development Corporation.

The first project is to build a large bridge across Jaigad Creek, between Tawsal and Jaigad on the Revas-Reddi Coastal Highway in Ratnagiri district, Maharashtra. Ashoka Buildcon has submitted the lowest bid of ₹794.85 Crore for this EPC project. The project is scheduled to be completed in 36 months, according to the business.

The second project includes construction of another significant bridge over Kundalika Creek, running between Revdanda and Salav on the Revas-Reddi Coastal Highway. This project will also be completed using the EPC methodology. 

Ashoka Buildcon won the project with a bid of ₹1,357.87 Crore, which shall be completed within  a period of 36 months.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Ashoka Buildcon
  • Ashoka Buildcon news
  • Ashoka Buildcon Project
  • Ashoka Buildcon updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.