Ashoka Buildcon emerges lowest bidder for NHAI HAM project

30 Mar 2022 , 03:11 PM

Ashoka Buildcon Limited informed that the Company had submitted its bid to National Highways Authority of India (“NHAI”) for the Project viz. ‘Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana’ (Project).

The Company emerged as “the Lowest Bidder” at the Financial Bid opening meeting held on March 29, 2022 at New Delhi.

The quoted Bid Project Cost for the Project is Rs.1,079 Crore and  the Construction period is 912 days from the appointed date.

At around 3:11 PM, Ashoka Buildcon was trading at Rs86.15 apiece down by Rs0.05 or 0.06% on the BSE.