Ashoka Buildcon receives LoA from UPEIDA
Its subsidiary too has been bagging projects
Ashoka Buildcon has received letter of award (LoA) from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
The LoA is for development of Bundelkhand Expressway Project Package-III from Kaohari (Mahoba district) to BaroliKharka (Hamirpur district) (100.000 km to 149.000 km) in Uttar Pradesh on EPC basis.
The accepted bid value of the project is Rs 1,079.52 crore.
Similarly, its subsidiary, Ashoka Concessions (ACL) has received a Letter of Award (LOA) from NHAI for a highway project in Telangana worth Rs 1,000 crore.
ACL has received a LOA from NHAI for the project viz Four laning of NH-161 from Kandi to Ramsanpalle in the state of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode. The accepted bid project cost is Rs 1,000 crore.
Previously, the company had submitted its bid to the National Highways Authority of India (NHAI) for the said project, and had emerged as the lowest bidder at the financial bid opening meeting held on November 18, 2019.