Deals5 Jun 2025, 03:52 pm
Ashoka Buildcon Secures Multiple Intelligent Traffic Management System Projects in Maharashtra Worth Over Rs. 1.3 Billion
AI Summary
Ashoka Buildcon Ltd. has been awarded Letters of Intent (LOIs) for various projects by the Motors Vehicles Department, Maharashtra. The projects include the design, implementation, integration, operation, and maintenance of Intelligent Traffic Management Systems in the Nagpur, Mumbai, Pune, Marathwada, and Konkan and Western Maharashtra Circles. The total estimated cost of these projects, including GST, is over Rs. 1.3 Billion.
Key Highlights
- Ashoka Buildcon has been awarded multiple projects by the Motors Vehicles Department, Maharashtra.
- The projects include the design, implementation, integration, operation, and maintenance of Intelligent Traffic Management Systems in five different circles.
- The total estimated cost of these projects, including GST, is over Rs. 1.3 Billion.
- The project implementation period is 15 months from the date of signing of the contract.
- The operation and maintenance period is 10 years from the Go Live date.