Ashoka Buildcon Secures Financial Closure for Rs. 1,391 Crore West Bengal Highway Project

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Ashoka Buildcon Ltd has achieved a major milestone in its infrastructure portfolio with the submission of financing documents for its Rs. 1,391 crore highway development project in West Bengal. The company’s wholly owned subsidiary, Ashoka Bowaichandi Guskara Road Private Limited, has now secured financial closure, paving the way for construction to commence.

Key highlights of the project

The project involves the development of a fourlane economic corridor from Bowaichandi to GuskaraKatwa Road Section (Km 89.814 to Km 133.000) of NH116A
It will be executed under the Hybrid Annuity Mode (HAM), a model that balances government and private sector investment risk
The construction phase is scheduled for 910 days from the appointed date, followed by a 15year operation and maintenance period

Strategic significance and execution roadmap

The corridor is expected to enhance connectivity across eastern West Bengal, linking industrial zones and rural belts to national logistics networks
Ashoka Buildcon’s ability to secure funding reflects its strong financial credibility and execution track record in largescale infrastructure
The project aligns with NHAI’s broader goal of accelerating highway development under Bharatmala Pariyojana

Market sentiment and future outlook

The financial closure was officially recognized by NHAI on June 2, 2025
Analysts view the development as a positive indicator of Ashoka Buildcon’s project pipeline strength and operational readiness
The company continues to expand its footprint across EPC, HAM, and international projects, reinforcing its leadership in India’s road construction sector

Sources: Ashoka Buildcon official website, MarketSetup.in, NDTV Profit, Projects Today