Ashoka Buildcon declared lowest bidder for NHAI expressway project
ASHOKA · price
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Ashoka Buildcon was declared the lowest bidder for an NHAI project covering balance construction of an 8-lane access-controlled expressway on the Vadodara-Mumbai Expressway's Karvad-Jujuwa section in Gujarat. The quoted engineering, procurement and construction price is Rs 865.90 crore, excluding GST. The execution period is 18 months, with a 10-year defect liability period. Lowest-bidder status does not yet confirm the final contract.
Positive for prospective order backlog and revenue visibility, but the contract is not final and no margin or profitability details were disclosed.