Ashoka Buildcon consortium's bid accepted for Rs1,046cr project

7 Feb 2022 , 12:11 PM

Ashoka Buildcon Limited (ABL) Consortium has received a Letter of Acceptance cum work order from the Municipal Corporation of Greater Mumbai (MCGM) for the Sewage Treatment Plants project. The accepted offer of the Project is Rs1,046cr.

The Contract period is 36 months excluding monsoon along with 15 years of operation and maintenance of the Project, the company said in the filing.

ABL had submitted a bid to MCGM along with other Partners (ABL Consortium) for the Project viz. ‘Designing, Providing, Constructing and commissioning modernized and fully automated package/modular Sewage Treatment Plants based on MBR technology along Poisar river on Design Build Operate (DBO), along with 15 years of Operation and Maintenance and Providing and laying of sewer network, provision of Interceptors for diversion of DWF, construction of service road and road side drains on either banks of Poisar River for interception & diversion of sewage’.

At around 12.14 pm, Ashoka Buildcon Ltd was trading at Rs98.50 per share up by Rs0.55 or 0.56% from its previous closing of Rs97.95 per share on the BSE.