Ashoka Buildcon wins ₹1,567.45-cr road contract

Ashoka Buildcon has secured a ₹1,567.45-crore EPC contract from Adani Road Transport in West Bengal. It received the Letter of Award from the company for the execution of civil and associated works for six-laning of national corridor NH-19 from Pangarh to Palsit, involving 67.750 kms.

Adani Road Transport is a wholly-owned subsidiary of Adani Enterprises Ltd, incorporated with an objective to carry out the business of construction, operation and maintenance of roads, highways and expressways. In April, it won the award from the National Highways Authority of India for the road project in WB on a build-operate-transfer (BOT) basis.

NHAI estimated the project cost to be ₹2020.93 crore with a concession period of 20 years, including 2.5 years construction period.