Ashoka Buildcon Awarded INR 8.659 Billion Highway Project Contract

en.Wedoany.com Reported - On November 9, India's Ashoka Buildcon received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the balance work of Package IX of the Kalwad–Jujwa section of the Vadodara–Mumbai Expressway in Gujarat, with a contract value of INR 8.659 billion (excluding GST), under the Engineering, Procurement and Construction (EPC) mode, to be completed within 18 months.

The project scope covers from km 128.0 to km 154.6 of the expressway, with a total length of 26.6 km. The primary task is to complete the remaining construction work not yet implemented on this section. This section is part of the Gujarat portion of the Vadodara–Mumbai Expressway, designed as an eight-lane, fully access-controlled expressway.

According to the announcement submitted by Ashoka Buildcon to the Bombay Stock Exchange, the company was first identified as the lowest bidder (L1) for the project on November 5, with a bid of INR 86.590 billion? No, the original amount was INR 865.90 crore, i.e., INR 8.659 billion. On November 9, the company formally received the Letter of Award, marking the project's transition from the bidding stage to the contract award stage.

The project adopts the EPC turnkey mode, under which the contractor is responsible for the engineering design, procurement of equipment and materials, and construction implementation within the agreed scope. The contract stipulates an execution period of 18 months and a defect liability period of 10 years. The contract amount excludes GST, and subsequent project implementation will be carried out in accordance with the award document and formal contract terms.

The Vadodara–Mumbai Expressway is an important component of India's Delhi–Mumbai Expressway corridor. With the award of the balance work of Package IX to Ashoka Buildcon, the company will undertake the remaining construction tasks in the Kalwad–Jujwa section.