Ashoka Buildcon wins a Rs 443-cr contract from RVNL

New Delhi: Ashoka Buildcon said on Wednesday that its joint venture has bagged a contract worth Rs 443 crores from Rail Vikas Nigam Ltd (RVNL) under which it will undertake the task of doubling of a railway track in Punjab. The project is scheduled to be commissioned in three years.

Project to be completed in 36 months

"The company's Joint Venture viz ABL-STS JV, wherein the company is Lead Member, has received a Letter of Award from Rail Vikas Nigam Limited (RVNL), for the Project, viz, Construction of Roadbed, minor bridges, supply of ballast, Installation of track, Electrical, Signaling and Telecommunication works for Doubling of track between Kakrala Halt and Hadiaya…in Ambala Division of Northern Railway, Punjab," the company said in a filing to the BSE.

"The accepted Bid Value of the Project is Rs 443.23 Crore with a completion period of 36 months from the date of commencement of the work," the document said.