Breaking News

You are here » Indian-Commodity  :  Investment  :  Ashoka Buildcon emerges as lowest bidder for Rail Vikas Nigam

05-Mar2019

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.


Related News

View all news

Bombay Oxygen Investments planning to carry on business of NBFC

Bombay Oxygen Investments has received an approval for application to Reserve Bank of India for registration as a Type-II Non Deposit Accepting and Taking Non-Banking Financial Company wider Sub-Section......

Datamatics Global Services acquires additional stake in subsidiary company

Datamatics Global Services has acquired additional 10% equity stake consisting of 5,50,000 fully paid Equity Shares of Rs 1 each in Datamatics Digital (Earlier known as Techjini Solutions), the Subsidiary......

Majesco acquires insurance software business in India

NASDAQ listed Majesco has acquired the India based insurance software business from its parent company, Majesco. The business will be acquired by Majesco's 100% subsidiary in India, Majesco Software and......

Top News

View all news

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Oil India signs MoU with Gauhati University: Report

Oil India and Gauhati University have reportedly signed a Memorandum of Understanding (MoU) on March 19, 2019. The MoU aims to extend the facility of Technology Incubation Centre at Gauhati University......