India's Ashoka Buildcon Secures INR 8.659 Billion Highway Construction Contract

en.Wedoany.com Reported - On November 9, India's Ashoka Buildcon received a Letter of Acceptance from the National Highways Authority of India (NHAI) for the construction contract covering the remaining works on the Karwad–Jujuwad section of the Vadodara–Mumbai Expressway in Gujarat, with an EPC contract value of INR 8.659 billion (excluding GST) and a contract duration of 18 months. The works cover chainage K128.0 to K154.6, totaling approximately 26.6 km, and are to be implemented to the standard of a dual eight-lane, access-controlled expressway.

This contract falls under Package IX of the Vadodara–Mumbai Expressway construction project, with the primary task of completing the unfinished works on the Karwad–Jujuwad section. The project owner is the National Highways Authority of India, and Ashoka Buildcon is responsible for engineering, procurement, and construction under the EPC turnkey model.

Located in Gujarat, this section is an important component of the Vadodara–Mumbai Expressway. The route is built to a dual eight-lane standard with an access-controlled design, serving regional intercity passenger and freight traffic. Compared with ordinary open-access highways, the controlled-access design reduces at-grade intersections and unauthorized vehicle entry along the route, maintaining expressway traffic conditions.

According to the stock exchange announcement submitted by the company, the accepted contract price is INR 865.90 crore, equivalent to INR 8.659 billion, excluding GST. The stipulated execution period is 18 months, with a defect liability period of 10 years. Previously, Ashoka Buildcon announced on November 5 that it had emerged as the lowest bidder for the project, and subsequently received the formal award notice from NHAI on November 9.