Ashoka Buildcon Limited Receives Letter of Acceptance from Rail Vikas Nigam Limited

Deepthi | Myequity news | Date : 08-12-2018 15:00:00 IST

Ashoka Buildcon Limited has received Letter of Acceptance by Rail Vikas Nigam Limited, for the Project viz. "Construction of roadbed, bridges, supply of ballast, Installation of track (excluding supply of rails, and track sleepers), Electrical (General Electrification), Provision of OHE, Signaling and telecommunication works in connection with 3rd Line from Sonnagar to Garhwa Road in Dhanbad Division of East Central Railway," in the States of Bihar and Jharkhand ("Project") in 2 packages (Package 1 & Package 2). The Company had bid the Project in Joint Venture with Story Tech Services LLC, wherein the Company is a Lead Member. The aggregate accepted Bid Value of the Project is Rs.794.20 Crore.

About Ashoka Buildcon:

Ashoka Buildcon Ltd, a road infrastructure company, builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. The company operates one of the highest number of toll-based BOT projects in India. In addition to BOT project, they design and procure the raw materials and equipment for and construct roads, bridges, distribution transformers, electricity substations, commercial buildings, industrial buildings and institutional buildings for third parties as well as perform maintenance for third parties.

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