Ashoka Buildcon Wins Rs 5.68 Bn Central Railway Project Bid

15 Apr 2025 CW Team

Ashoka Buildcon has participated in the bidding process for a significant infrastructure project involving the construction of Earth Work, Major Bridges, Minor Bridges, Rubs, P Way Work, and various Miscellaneous Civil Works. This project is part of the Gauge Conversion work between Pachora and Jamner, covering a stretch of approximately 53.3 km. The scope of the work excludes the Pachora Yard and the Road Over Bridges, and it is being executed in connection with the Central Railway鈥檚 plans for upgrading the railway infrastructure.

After a detailed evaluation process, Ashoka Buildcon emerged as the Lowest Bidder for this project. The total bid value for the project is Rs. 568.86 crore, excluding Goods and Services Tax (GST). This marks a significant achievement for the company, showcasing its competitiveness and capability in handling large-scale civil engineering projects. The completion of the Gauge Conversion work is expected to enhance the railway network, leading to improved operational efficiency and transportation in the region. Ashoka Buildcon鈥檚 involvement in this project highlights its ongoing role in the development of key infrastructure across the country.

News source: Business Standard

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..