Ashoka Buildcon JV wins ₹1,041 crore BMC flyover project

Ashoka Buildcon Ltd on Sunday, December 14, said its joint venture, Ashoka–Aakshaya JV, has received a Letter of Acceptance-cum-Work Order from the Brihanmumbai Municipal Corporation (BMC) for the construction of a flyover in Mumbai.

The joint venture, in which Ashoka Buildcon holds a 51% stake as the lead member, while Aakshya Infra Projects Private Limited owns the remaining 49%, had submitted the bid for the project to the civic body.

The project involves the construction of a flyover connecting

J.J. Bridge and Sitaram Selam Bridge (Y Bridge) at the junction of J.J. Road and Saboo Siddik Polytechnic Road in ‘E’ Ward, the company said in a regulatory filing.

The accepted bid value stands at ₹1,041.44 crore, inclusive of GST.

The contract has been awarded on an EPC (engineering, procurement and construction) basis and is to be executed within 24 months, excluding the monsoon period.

The company also said that the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the disclosure, in line with SEBI regulations.

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