Ashoka Buildcon has received Letter of Acceptance (LoA) from Rail Vikas Nigam, for the project of construction of roadbed, bridges, supply of ballast, installation of track (excluding supply of rails, and track sleepers), electrical (General Electrification), 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 the states of Bihar and Jharkhand (Project) in 2 packages (Package 1 & Package 2).
The company had bid the Project in Joint Venture with Story Tech Services LLC, wherein the company is a lead member. The aggregate accepted bid value of the project is Rs 794.20 crore.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
