Ashoka Buildcon’s joint venture (JV) with Adani Road Transport and Aakshaya Infra Projects -- M/s Adani-Ashoka-Aakshaya has secured Letter of Acceptance (LoA) from Brihanmumbai Municipal Corporation (BMC) for Mithi River Development and Pollution Control Project (Package III), valued at Rs 1,815.79 crore (excluding GST). The company holds 26% stake in the JV, while Adani Road Transport and Aakshaya Infra Projects hold 51% and 23% stake, respectively. Adani Road Transport is the lead member in the JV.
The project covers Dry Weather Flow Interception at Tidal Outfalls (including Gate Pumps), Transfer Sewer, Training of River, Service Road, Retaining Wall and Allied Works and Operation & Maintenance for 10 years from CST Bridge Kurla to Mahim Causeway including Vakola River on design, build and operate model. The time period to complete the design and build work is 48 months excluding monsoon period.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
