HOME > BUSINESS > Ashoka Concessions limited bags contract from NHAI

Ashoka Concessions limited bags contract from NHAI

Ashoka Buildcon Limited said its subsidiary Ashoka Concessions Limited (ACL) has received Rs 1,600 crore contract from National Highways Authority of India (NHAI).

The contract is for the “4/6 laning of Kharar to Ludhiana section of NH-95 in the State of Punjab” and will be built on the Hybrid Annuity mode.

In the hybrid annuity model (HAM), the government commits up to 40% of the project cost over a period and hands the project to the developer to start road work, clearing the way for stranded road projects and reviving investments.

Ashoka Buildcon Ltd. is one of the largest highway developers in the country with a portfolio of over 28 PPP (Public Private Partnership) projects.

Follow ULTRA.news
Nila Infrastructures to construct 3,152 flats for Rajasthan government Nila Infrastructures Limited said it got a contract worth Rs 107.3 cr from Jodhpur Development Authority to create 3,152 flats in Barli.The Company will also get 7.5 acres free of cost that can be sold or developed.The township, to be completed in four years, comprise 2...
BSNL gives Rs 550 cr microwave link project to HFCL Himachal Futuristics or HFCL, promoted by Mahendra Nahata -- who helped in the formation of Reliance Jio -- said it won a Rs 558 cr advance purchase order from BSNL to set up microwave radio links for a defence network."The Company has received an Advance Purchase Order wort...
L&T wins Rs 1,150 cr order from ONGC for Daman project Construction major Larsen & Toubro said it won a ₹ 1150 crore contract from Oil & Natural Gas Corporation (ONGC) for the transportation & installation of the oil company's Daman Development Project.The Contract, won against international competitive bidding, encompasses tota...
Reliance Infrastructure responds to downgrade by India Ratings Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets."The Company respectfully disagrees with the views of India Ratings," it said today."The Company...
Sterlite Technologies wins 3-yr contract to supply high-end fiber to UAE’s du Sterlite Technologies said it won a three-year deal to supply high-quality fiber optic cables to du, a telecom network in the UAE.Financial details were not disclosed."With an on-going relationship with du for the past six years, we have renewed the partnership for our i...
Infosys wins SAP contract from Finnish lift-maker KONE IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system.Infosys has been able to "transition, elevate, evolve and transform" KONE's ERP service delivery and landscape...
Nucleus Software wins loan software order from Finova Capital NBFC Nucleus Software, which provides IT solutions for financial services companies, said its loan management solution has been selected by Finova Capital, a Jaipur-based Non-Banking Financial Company (NBFC) to digitise its lending business.Founded in 2015, Finova Capital offers ...
TCS Diligenta wins 15-year deal UK insurance deal from Scottish Widows Tata Consultancy Services said it won a 15-year deal from Scottish Widows insurance company to provide end-to-end policy administration services for its 4 million heritage customers.The deal from the Lloyds Banking Group's Life and Pensions unit was won by TCS's UK subsidiar...
Wipro wins seven-year deal from European utilities co Innogy IT services provider Wipro said it has been awarded a seven-year contract by European energy company Innogy SE to manage their data center and cloud services.Wipro will help the company, which focuses on renewables, grid & infrastructure and retail, to rationalize, virtuali...
Wipro’s IT to power McLaren’s sports car business Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team.As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the producti...
Finland’s Outokumpu upgrades IT contract with Wipro Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world's biggest producers of stainless steel.Shares of the company were marginally higher at 299 rupees, up 0.6%.In 2014, the Finnish company had give...
Ramco Systems wins key deal from Saudi aircraft maintenance company Cloud-based services provider Ramco Systems has won a key, five-year contract from Saudi Rotorcraft Support Company, which provides maintenance services for the country’s combined fleet of more than 360 military and commercial helicopters."With two of the top 5 aircraft manu...
Kannur Airport: 95% of airside, 90% of cityside work completed Kerala's fourth international airport at Kannur is very close to completion, with 95% of the airside works and 90% of cityside work completed, the government said today.Airside refers to the runway, bays, traffic control tower and so on, while city-side works refer to civilia...
Larsen & Toubro wins Aurangabad, MMRDA orders worth Rs 2,552 cr Construction major Larsen & Toubro said its transportation infrastructure and water effluent treatment businesses have jointly bagged an engineering, procurement and construction order worth Rs 1,223 cr from Aurangabad Industrial Township Limited (ATL).The scope of work incl...
GMR wins contract for Crete airport with partner GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, said it won the contract to develop, operate and manage the new international airport of Heraklion at Crete in partnership with a Greek company.GMR Airports Limited will be the designated Airport Operator in the c...
L&T wins largest ever private sector defence order, to supply K9 VAJRA-T guns Engineering conglomerate Larsen & Toubro entered into a contract with the Ministry of Defence, Government of India to supply of 100 units of 155mm, 52 calibre Tracked Self-Propelled Gun systems to the Indian Army.The contract valued at about ₹ 4500 crore, is the largest o...
Airports Authority identifies eight airports for real estate development The Goa Airport operated by AAIAirports Authority of India said it has identified eight airports where it intends to carry out commercial real estate development once the government relaxes the relevant rule.The airports are Lucknow, Kolkata, Amritsar, Varanasi, Bhubanes...
L&T wins 500 cr building automation contract for Doha Metro One of Larsen & Toubro's units in the United Arab Emirates has won a Rs 500-cr order to supply building automation and control systems for 37 stations of the upcoming Doha Metro in Qatar, the company said.The contract involves installation, testing, integration, commissioning...
Gadkari to miss ambitious highway target for 2016-17 Nitin Gadkari, who is slowly building up a reputation as a pragmatic and capable minister, is likely to face major disappointment in the ongoing financial year as his ministry is unlikely to meet the steep road construction target it set for itself.Unlike the term of the ...
Ramco Systems wins first client in US logistics market US-based G&D Integrated has decided to implement Ramco Systems' logistics suite, the Chennai-based provider of cloud software said.The Illinois-based logistics provider has 1,000 employees at over 20 facilities across North America and represents the first logistics clien...
Ramco Systems wins big deal from Panasonic Malaysia Ramco Systems, the Chennai-based cloud services provider, has inked a "multi-million-dollar deal" with Panasonic Group of companies in Malaysia to digitize HR and Payroll operations for its nearly 20,000 employees.The contract marks a major win for the company. Typically,...
Bliss GVS Healthcare wins three-year contract worth Rs 760 cr from Kenya Bliss GVS Healthcare Ltd said it won a three year contract worth $111.40 mln (Rs 760 cr) from Aon Kenya Insurance Brokers Ltd for provision of medical health care services in Kenya. Bliss GVS Pharma Ltd is a pharmaceutical company based in Mumbai, India.Bliss GVS...
Emgee Group to build apartments priced at Rs 8-12 lakh near Mumbai Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit.With this venture the company aims to help home-b...
Ramco Systems wins Rs 53 cr contract from German logistics company Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software.Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company.DB Logistics offers land, sea, and ai...
Adani Group commissions India’s largest tracker solar plant Infrastructure company Adani Enterprises Ltd said it commissioned India's largest tracker-based solar power plant at Bhatinda in Punjab.The 100 megawatt plant is also the largest solar project in Punjab.Tracker plants are those with motorized panels that keep tracking the...