Mumbai : Ashoka Buildcon’s Joint Venture (JV) — ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23 crore with a completion period of 36 months from the date of commencement of the work.
The Project is for the Construction of Roadbed, minor bridges, supply of ballast, Installation of track (excluding supply of rails, PSC sleepers & Thick web switches), Electrical (Railway Electrification and General Electrification), Signaling and Telecommunication works for Doubling of track between Kakrala Halt (Excluding) and Hadiaya (Including) from Km 57.50 to Km 115.64 in Ambala Division of Northern Railway in the state of Punjab.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.