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MoneyWorks4Me

Ashoka Buildcon receives LOA for projects worth Rs 596.28 crore

01 Jan 2014 Evaluate

Ashoka Buildcon has received Letters of Acceptance (LoAs) for the projects viz. execution of distribution strengthening works under ‘Re-structured Accelerated Power Development and Reforms Programme (R-APDRP) Part-B’ Scheme in Chennai North & South Regions of Tamil Nadu Generation and Distribution Company (TANGEDCO), Chennai, on total turnkey basis aggregating Rs 596.28 crore from TANGEDCO. Earlier this year in September, the company had emerged as lowest bidder for said project.

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 4042.10
Kalpataru Projects 1372.65
NCC 122.45
Rail Vikas Nigam 193.50
KEC International 329.80
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