Ashoka Buildcon receives highway EPC contract worth Rs 1,567.45 cr

06 Sep 2021 CW Team

Ashoka Buildcon, Highway developer, told the media that it received an EPC contract worth Rs 1,567.45 crores from Adani Road Transport Ltd for a highway project in West Bengal.

Ashoka Buildcon told the media that it had received a Letter of Award from Adani Road Transport in an exchange filing to implement civil and associated works based on engineering, procurement and construction (EPC) for six-laning a section of national corridor NH-19 from Panagarh to Palsit in West Bengal.

It said that the price of the EPC contract that has been accepted is Rs 1,567.45 crore.

Adani Road Transport is an entirely owned subsidiary of Adani Enterprises Ltd, incorporated with an aim to carry out the construction business, operation and maintenance of highways, expressways and roads.

The Adani group announced that it won an award from the National Highways Authority of India (NHAI) in April for the road project in West Bengal based on build-operate-transfer (BOT).

Additionally, Adani Road Transport mentioned that the cost estimated by NHAI for the project was Rs 2020.93 crore, while the concession period for it was 20 years, including a construction period of 2.5 years.

Also read: Govt approves Rs 1,539 cr national highway project in Odisha

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..