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Ashoka Buildcon emerges as lowest bidder for Rail Vikas Nigam

Ashoka Buildcon has emerged as the Lowest Bidder (L-1) for Rail Vikas Nigam (RVNL). The Quoted Value for the project is Rs 443.23 crore, with a completion period of 36 months for Package.

The company had submitted Bid to Rail Vikas Nigam in Joint Venture with Stroytech Services LLC, wherein the Company is a Lead Member, for the Project viz. '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), Signalling and Telecommunication works for doubling of track between Kakrala Halt (excluding) and Hadiaya (including) from km 57.50 to 115.64 in Ambala Division of Northern Railway, Punjab, India,' in the State of Punjab (Project).

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.

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