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MoneyWorks4Me

Ashoka Buildcon emerges as lowest bidder for road project in Karnataka

13 Feb 2020 Evaluate

Ashoka Buildcon has been emerged as the lowest bidder for the road project in the State of Karnataka. The company had submitted its bid to National Highways Authority of India (NHAI) for the Project viz. Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design Km 121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-206 in the State of Karnataka, on Hybrid Annuity Mode under Bharatmala Priyojana (Package - III). The quoted Bid Project Cost for the Project is Rs 1,035.50 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.

Peers
Company Name CMP
Larsen & Toubro 4031.00
Kalpataru Projects 1347.05
NCC 124.70
Rail Vikas Nigam 191.50
KEC International 327.00
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