Tuesday, 10 September 2013

Ashoka Buildcon emerges as lowest bidder for project worth Rs 609.62 crore

Ashoka Buildcon has emerged as lowest bidder for the project worth Rs 609.62 crore from TANGEDCO. The project is for execution of distribution strengthening works under Re-structured Accelerated Power Development and Reforms Programme (R-APDRP) Part-8 in Chennai North & South Regions of Tamilnadu Generation and Distribution Company (TANGEDCO) on Total Turnkey basis.

Earlier in August, the company emerged as the lowest bidder for HVDS scheme under O&M Division Akaltara in state of Chhattisgarh, aggregating to Rs 47.04 crore from MSEDCL.

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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