Joint Venture10 Dec 2025, 07:11 pm
Ashoka Buildcon Secures Joint Venture Project Worth Rs. 1,815.79 Crore from Brihanmumbai Municipal Corporation
AI Summary
Ashoka Buildcon Ltd. has announced that its joint venture with Adani Road Transport Limited and Aakshaya Infra Projects Private Limited has received a Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) for the 'Mithi River Development and Pollution Control Project (Package Ill)'. The project, valued at Rs. 1,815.79 Crore excluding GST, involves Design, Build and Operate model for dry weather flow interception at tidal outfalls, transfer sewer, training of river, service road, retaining wall, and allied works, and operation & maintenance for 10 years from CST Bridge Kurla to Mahim Causeway including Vakola River.
Key Highlights
- Ashoka Buildcon's joint venture secures a project worth Rs. 1,815.79 Crore from BMC.
- The project involves Design, Build and Operate model for Mithi River Development and Pollution Control.
- The joint venture includes Adani Road Transport Limited and Aakshaya Infra Projects Private Limited.
- The project duration is 48 months excluding monsoon period and further 10 years of Operation and Maintenance work.
- Trading Window for Designated Persons of the Company and their immediate relatives will remain closed till 48 hours after this disclosure.