Ashoka Buildcon JV secures ₹1,041 crore BMC project
pre-market1 source ↓written by the desknot a recommendation
- contract
- ₹1,041 crore
- in the venture
- 51% stake
- owning the remaining
- 49%
Ashoka Buildcon's joint venture, Ashoka–Aakshaya JV, has won a ₹1,041 crore contract from the Brihanmumbai Municipal Corporation for a flyover project in Mumbai. Ashoka Buildcon holds a 51% stake in the venture, with Aakshya Infra owning the remaining 49%. This project is expected to enhance connectivity in the region, potentially boosting local infrastructure development.
• Project connects J.J. Bridge and Sitaram Selam Bridge
• Strengthens Ashoka Buildcon's order book
Immediate market implications may include increased investor interest in Ashoka Buildcon shares.
Not investment advice. For informational purposes only.