Ashoka Buildcon has secured a significant win in the infrastructure sector, receiving a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for a Rs 1,391 crore road development project in West Bengal. The project, awarded under the hybrid annuity mode, involves the construction of a four-lane economic corridor connecting Bowaichandi to the Guskara-Katwa Road section of NH 116A, under Package-3.
The company had previously submitted a bid of Rs 1,400 crore for a separate but related project—developing the Kharagpur to Chandrakona Ghatal Road Crossing section. Both projects are set to be completed within a stringent 910-day timeframe, which includes the challenging monsoon period. Ashoka Buildcon was declared the lowest bidder (L-1) for both the Package-1 and Package-3 projects on November 18, 2024.
This victory marks a major milestone for Ashoka Buildcon, solidifying its position in the competitive infrastructure space. The successful bid not only reflects the company’s growing capabilities but also enhances its presence in West Bengal, a region with substantial infrastructure development potential. The Package-3 project is expected to improve regional connectivity significantly, fostering economic growth along the newly developed corridor. With its focus on the hybrid annuity model, the project promises a blend of private investment and government backing, ensuring the long-term sustainability and maintenance of the road network. This achievement further underscores Ashoka Buildcon’s leadership in the infrastructure domain, positioning it for continued growth and expansion in the national road construction sector.
