Engineering firm Ashoka Buildcon today said it has bagged two contracts valued at Rs 2,086 crore from the National Highways Authority of India (NHAI) in Punjab and Jharkhand.
"The company has emerged as the lowest bidder for the Rs 1,600 crore 4/6 laning of Kharar to Ludhiana section of NH-95 project in Punjab. The project will be developed on the hybrid annuity model," Ashoka Buildcon said in a BSE filing.
It has also received Letter of Award from NHAI for 2/4 laning with paved shoulders of Govindpur (Rajgunj)- Chas -West Bengal Border section of NH-32 in Jharkhand on NHDP Phase-IV on EPC mode. The accepted bid value of the project is Rs 486 crore, it said.
The Kharar-Ludhiana project is expected to expedite the improvement of infrastructure in Punjab and reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Kharar and Ludhiana section.
The company currently has a portfolio of 25 BOT projects of which 20 are revenue generating as of date.
