Ashoka Buildcon has secured additional scope of work in respect of the existing project viz. ‘Construction of Flyover Arm-1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward’. The company has received the letter from Brihanmumbai Municipal Corporation (BMC) for the same. The cost of additional scope of work is Rs 447.21 crore (including taxes).
Earlier, on October 11, 2024, the company had emerged as Lowest Bidder (L-1) for Construction of Flyover Arm-1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward. In this regard, on October 15, 2024, the company had received Letter of Acceptance (LoA) from BMC. The accepted Bid Price for the Project was Rs 1,126.58 crore (including taxes).
With current additional scope of work, the aggregate cost of the project increased to Rs 1,573.79 crore (including taxes). The time period to complete the existing work and additional scope of work is revised to January 13, 2028.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
