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Ashoka Buildcon’s JV emerges as lowest bidder for Jodhpur Project

04 Jul 2022 Evaluate

Ashoka Buildcon’s joint venture (JV) has been emerged as the lowest bidder for construction and maintenance of Rajiv Gandhi Fintech Digital Institute in Jodhpur.

The Company had submitted its bid in Joint Venture (the Company is a Lead Member) with Cube Construction Engineering to Department of Information Technology & Communication, Govt. of Rajasthan (Authority) for the Project viz. 'Request for Proposal for Selection of Agency for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur' (Project).

The Joint Venture emerged as 'the Lowest Bidder' at the Financial Bid opening meeting held on July 1, 2022. The awarded Bid Project Cost for the Project is Rs 611 crore. The share of the Company in JV is 65%. The Construction period is 18 months from commencement date.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.

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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