Date of Post: 05 Mar, 2019

Ashoka Buildcon recently announced that its joint venture firm has emerged as the lowest bidder for a Rs 443.23 crore worth railway project in Punjab.

Moe Information:

• The company had submitted the bid to Rail Vikas Nigam Ltd .
•  It was done in a joint venture with Stroytech Services LLC, wherein the company is a lead member, for the project in the Punjab, Ashoka Buildcon said, in a regulatory filing.
• The company also added,“The company has emerged as the lowest bidder (L-1) for package 2, the quoted value of which is Rs 443.23 crore, with a completion period of 36 months for package.”
• The project includes construction of :-
• Roadbed
• Bridges
• Supply of ballast
• Installation of track
• Electrical (railway electrification and general electrification),
• Signalling and telecommunication works for doubling of track

To know more about recent developments of of Railways –

01 Mar, 2019: Madurai-Chennai Tejas Express to be flagged off by PM Narendra Modi soon

28 Feb, 2019: Shri Piyush Goyal announces “South Coast Railway (SCoR)” a new Zone of Indian Railways

01 Mar, 2019: Rajdhani, Shatabdi and Duronto Express Trains May Soon Run at Higher Speeds

(  Please reach us at editor@railanalysis.com for more information. )