Ashoka Buildcon has been declared the lowest bidder (L1) for a ₹865.90 crore project awarded by the National Highways Authority of India (NHAI) for the Vadodara-Mumbai Expressway in Gujarat.
In a regulatory filing release on Thursday, November 5, the infrastructure company said the project involves the balance construction work on an eight-lane, access-controlled stretch of the expressway from Km 128.0 to Km 154.6, covering the Karvad to Jujuwa section in Gujarat.
The project will be executed under the engineering, procurement and construction (EPC) mode, with the quoted contract value at ₹865.90 crore, excluding goods and services tax (GST).
Ashoka Buildcon will have 18 months to complete the project. The contract also carries a defect liability period of 10 years, according to the filing.
₹290 crore railway contract
Last month, Ashoka Buildcon received a letter of acceptance from North Eastern Railway for a ₹290.23 crore contract to upgrade electric traction power supply installations in Uttar Pradesh.
The project covers the Gorakhpur Cantt–Chhapra Gramin section of the Varanasi division and involves the design, supply, erection, testing and commissioning of traction substations and associated switching posts for a 2×25 kV AC traction feeding system.
The project will be executed under the EPC mode, with a completion timeline of 24 months from the commencement date and a defect liability period of two years.
Ashoka Buildcon emerges L1 bidder for ₹866 crore Vadodara-Mumbai expressway project
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