Ashoka Buildcon pushed its highway order book higher after emerging as the lowest bidder for an ₹865.90 crore contract from the National Highways Authority of India. The project anchors a critical stretch of the Vadodara-Mumbai Expressway in Gujarat. The quoted price excludes goods and services tax.
NHAI opened the commercial bids on Thursday, November 5, positioning the Nashik-headquartered infrastructure builder at the front of the line for the balance construction work. The mandate covers an eight-lane, access-controlled corridor spanning Km 128.0 to Km 154.6 between Karvad and Jujuwa. The construction clock runs fast. Ashoka Buildcon will have 18 months from the appointed date to finish the stretch under the engineering, procurement, and construction framework, according to the regulatory filing submitted to stock exchanges. The contract also binds the company to a strict 10-year defect liability term.
Listed road developers face heightened competition for high-speed corridor packages as state agencies accelerate EPC disbursements. The Vadodara-Mumbai win adds direct execution revenue following a string of multimodal railway and transport contract awards over recent quarters.
| Project Asset | Client / Authority | Value (₹ Cr) | Execution Window | Defect Liability | Mode |
|---|---|---|---|---|---|
| Vadodara-Mumbai Expressway (Km 128.0–154.6) | NHAI | ₹865.90 | 18 Months | 10 Years | EPC |
| Electric Traction Upgrades (Varanasi Division) | North Eastern Railway | ₹290.23 | 24 Months | 2 Years | EPC |
Last month, Ashoka Buildcon secured a formal letter of acceptance from North Eastern Railway for a ₹290.23 crore electrification contract in Uttar Pradesh. That assignment targets electric traction power installations along the Gorakhpur Cantt–Chhapra Gramin section under the Varanasi division. Engineers must handle the design, supply, erection, testing, and commissioning of traction substations alongside switching posts for a 2x25 kV AC feeding system. That railway deal carries a 24-month execution schedule backed by a two-year defect liability shield.
NHAI will now review the tender documentation before issuing the final letter of award, which will trigger formal contract signing and site mobilization across the Karvad-Jujuwa corridor.