Ashoka Buildcon JV Wins Rs 2.42 Billion Share in Bihar Gandak River Mega Bridge Order

Ashoka Buildcon Limited (ABDL.NS) has strengthened its infrastructure order book with a fresh Letter of Acceptance (LOA) for a high-impact bridge project in Bihar, awarded by Bihar Rajya Pul Nirman Nigam Limited. The company participates as the lead member in a joint venture with Aakshya Infra Project Private Limited, holding a 51% stake.

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The EPC contract covers construction of a 2,280-meter H.L.R.C.C. bridge over the River Gandak, along with major bridges on the approach road between Fatehabad in Paroo block and Chanchaliya in Saraiya block in Muzaffarpur district. The total accepted bid price is Rs 474.38 crore, including GST, translating into an effective order share of Rs 241.93 crore (approximately Rs 2.42 billion) for Ashoka Buildcon. The project carries an execution period of 30 months, supporting long-term revenue visibility and reinforcing Ashoka Buildcon’s positioning in India’s bridges and highway EPC space.

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Key Highlights

Sources: Ashoka Buildcon Limited