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The Top 50 Real State & Infra Company- RANK 17, Ashoka Buildcon, Satish Parakh, MD

Cover Story

One company known for completing projects promptly on time is Ashoka Buildcon. Recently, the company announced that Ashoka Ankleshwar Manubar Expressway, a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the company, has submitted duly executed financing documents to NHAI for its below mentioned Hybrid Annuity Mode (HAM) project.
It has also emerged as the lowest bidder (L-1) for Package 1 and Package 2 for Rail Vikas Nigam’s projects, the aggregate bid value of which is Rs 794 crore, with a completion period of 42 months for each package. Work includes construction of roadbed, bridges, supply of ballast, installation of track excluding supply of rails, and track sleepers, electrical general electrification. It also includes provision of OHE, signaling and telecommunication works in connection with 3rd Line from Sonnagar to Garhwa Road in Dhanbad division of East Central Railway, in Bihar and Jharkhand in two packages.

Ashoka Buildcon has emerged as the lowest bidder for Package 1 & 2 for Rail Vikas Nigam’s projects, the aggregate bid value of which is Rs 794 crore, with a completion period of 42 months for each package.

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May 2020
11 May 2020