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Ashoka Buildcon JV declared lowest bidder for Rs 1,668-cr CIDCO project

Friday, 11 Oct 2024
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Ashoka Buildcon JV has been declared as the lowest bidder (L1) for construction of various structures and works under NAINA Project.

The order encompasses integrated Infrastructure development of 20M & above wide roads, construction of various major and minor structures (viz. flyover, minor bridges, VUPS, PUPS etc.) and allied electrical works for street light in TPS-10 & TPS-11 under NAINA .

Ashoka Buildcon had submitted bid to City & Industrial Development Corporation of Maharashtra (CIDCO) in a joint venture, where the company is a lead member of JV. The quoted bid price for the project by the JV is Rs 1,667.78 crore on engineering, procurement and construction (EPC) basis, with a completion of 48 months.

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