Ashoka Buildcon bags ₹333-cr rail infra contract

Ashoka Buildcon has emerged as the lowest bidder for the Gujarat Rail Infrastructure Development Corporation (G-RIDE) and it is all set to win the contract involving an investment of ₹333.63 crore. The company had submitted a bid to Bahucharaji Rail Corporation Limited (BRCL), Gandhinagar, represented by Gujarat Rail Infrastructure Development Corporation Limited for the project.

The scope of work includes gauge conversion of Bechraji (63.83 km)-Ranuj (101.983 km) section with a total length of 38.153 km gauge to broad gauge with 25 kv ac electrification in Ahmedabad division of Western Railway. With this, its total order book as of December 31, 2020, stands at ₹9,152 crore. The order book consists of road projects - ₹6,912 crore, which is 76 per cent of the total orders. Among the road projects, HAM projects are around ₹3,923 crore while EPC projects are about ₹2,988 crore and Power T&D comprises around ₹1,466 crore, which is 16 per cent of the total order book.