Ashoka Buildcon bags Rs 1,389 crore order from NHAI

Buisness Standard, June 9, 2010
Tushar Pawar / Mumbai/ Nashik

Ashoka Buildcon Ltd (ABL), a city-based BOT (build, operate and transfer) operator for infrastructure projects, has secured two different BOT projects collectively worth Rs. 1,389 crore from National Highway Authority of India (NHAI).

ABL is the major BOT operator in infrastructure projects like roads & highways. The core strength of the ABL is BOT-based projects, Engineering procurement & Construction (EPC) and Ready Mix Concrete production. It builds a highway projects based on BOT-basis and run it for a specific period before transferring it to a government agency.

The company has bagged two projects collectively worth Rs. 1,389 crore from NHAI for construction of six-lane and four-lane roads on DBFOT (Design, Build, Finance, Operate and Transfer) basis in the state of Karnataka and on Orissa-Chhattisgarh border, respectively, reliable sources close to the development told Business Standard.

The first project worth Rs. 909 crore is for the construction of four-lane road from 0.00 kms to 88.00 kms on NH 6 between Sambalpur and Baragarh on the Orissa-Chattisgarh border in the state of Orissa to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase III project.

The other project comprise an order worth Rs. 480 crore for a stretch of 79.36 kilometers for six-lane road on Belgaum-Dharwad section of NH-4 on DBFOT basis.