Ashoka Buildcon has emerged as the lowest bidder for a project with the North Bihar Power Distribution Company Ltd. The project, which pertains to rural electrification works under the Rajiv Gandhi Grameen Vidyutikaran Yojana as well as strengthening of the power distribution network under a special plan for Vaishali district in Bihar, will cost Rs 373.39 crore.
Tag: Ashoka Buildcon
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Still a distant dream?
The establishment of the road regulator, as was announced in the 2013-14 Union Budget, might take place only after the elections. While many industry players want a regulator to be set up, what will the entity finally look like? Rahul Kamat takes a peek at the current trends.
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Ashoka Buildcon consortium bags Karnataka road project
A consortium of Ashoka Buildcon and GVR Infra Projects (51:49) has bagged a Rs 318-crore road project from the Karnataka government. The project involves improvement of 110 km of stretch. The consortium (51:49) had submitted bid for the project involving design, build, finance, operate, maintain and transfer (DBFOMT) of the state highway from Mudhol to Maharashtra Border.
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Govt hopeful to award big highway projects soon
The Union Road Transport and Highways Minister Oscar Fernandes has said that he expects road projects worth over Rs 1 lakh crore, which have been stuck for long, are to start moving from next month as a concrete decision on the rescheduling of premium paid by developers is expected by the end of this December.
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Making the right noises
Will the proposed Dispute Resolution Bill enhance or stymie the negotiating power of infrastructure developers? While the Planning Commission has articulated a clear need for a new law that addresses the typical infractions that occur between public
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Contract renegotiation may be a reality
The government is considering the introduction of a force majeure clause in public-private partnership projects to allow renegotiation of contracts to revive private participation in infrastructure development and salvage some big-ticket projects.
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Private highway developers’ plea for relief
Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.
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Quick fix
A closed group discussion recently conducted by ASAPP Media in New Delhi focused on speedy solutions to give India Inc's $1 trillion infrastructure programme a big push. Shrikant Rao, who also moderated the discussion, reports.
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Commitment needed on both sides of EPC: Experts
Engineering, Procurement and Construction (EPC) projects do have certain advantages which amount to lesser amount of risk for the private company. While a successful EPC road project
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TN to award contract for phase-II of Chennai ORR
To construct phase-II of Chennai Outer Ring Road, from Nemilichery to Minjur, the Tamil Nadu government has recently given its nod to a consortium of Ashoka Buildcon and GVR Infra Projects. Work on phase-I of the ORR, from Vandalur to Nemilichery, is nearing completion. On completion, the 61.65-km-long road will form a semicircle around the city and help decongest Chennai’s roads. It will act as a major link and connect four national highways — NH 4, NH 5, NH 45 and NH 205.