Ashoka Buildcon receives over Rs 1,500 cr EPC order from Adani Highway Transport in Bengal

Highways developer Ashoka Buildcon on Saturday stated it has obtained Rs 1,567.45-crore EPC contract from Adani Highway Transport Ltd for a freeway undertaking in West Bengal.

In an trade submitting, Ashoka Buildcon stated it obtained ‘Letter of Award’ from Adani Highway Transport for execution of civil and related works on engineering, procurement and development (EPC) foundation for six-laning a bit of nationwide hall NH-19 from Pangarh to Palsit in West Bengal.

“The accepted EPC contract worth is Rs 1,567.45 crore,” it stated.

Additionally Learn: Adani Highway Transport to amass MBCPNL portfolio from Sadbhav Infrastructure for Rs 1,680 cr

Adani Highway Transport is a wholly-owned subsidiary of Adani Enterprises Ltd, integrated with an goal to hold out the enterprise of development, operation and upkeep of roads, highways and expressways.

In April, the Adani Group firm stated it had gained the award from the Nationwide Highways Authority of India (NHAI) for the highway undertaking in West Bengal on build-operate-transfer (BOT) foundation.

NHAI’s estimated price for the undertaking was Rs 2020.93 crore, whereas the concession interval for it was 20 years, together with development interval of two.5 years, Adani Highway Transport had stated.

Additionally Learn: Energy Minister RK Singh seeks coordinated strategy to streamline coal provide at energy vegetation

Credit score – Monetary issues

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