MoneyWorks4Me

Ashoka Buildcon emerges as lowest bidder for project worth Rs 486 crore

19 May 2016 Evaluate

Ashoka Buildcon has emerged as the lowest bidder for the project worth Rs 486 crore from National Highways Authority of India (NHAI). Earlier, the Company had submitted its bid to NHAI for the Project viz. Request for Proposal for Two/Four laning with paved shoulders of Govindpur (Rajgunj)-Chas-West Bengal Border section of NH-32 from 0.000 to km. 56.889 in the State of Jharkhand on NHDP Phase-IV on EPC mode (Project). The company emerged as the Lowest Bidder at the Financial Bid opening meeting held on May 18, 2016 at New Delhi. The Company quoted Cost of the Project is Rs 486 crore.

Ashoka Buildcon is one of the largest highway developers in the country with an impressive portfolio of over 28 PPP (Public Private Partnership) projects. It is present across nine states in the country executing several prestigious projects for National and State Governments

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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