Ashoka Buildcon has denied the NHAI's allegations in the girder fall incident. It added that the girder fell on a moving vehicle, which had entered a prohibited construction zone. The company said it is in the process of ascertaining the financial impact of the incident and would notify the exchanges regarding the same in due course of time. Its other operations remain unaffected, it said.
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CNBC TV1810-12-2025, 20:29

Ashoka Buildcon JV wins ₹1,816 cr BMC Mithi River development project

  • Ashoka Buildcon JV, with Adani Road Transport and Aakshaya Infra, secured a ₹1,815.79 crore Letter of Acceptance (LoA) from BMC.
  • The contract is for the Mithi River Development and Pollution Control Project (Package III).
  • The project includes dry-weather flow interception, transfer sewers, river training, service roads, retaining walls, and 10 years of operations and maintenance.
  • The JV shareholding is Adani Road Transport (51%), Ashoka Buildcon (26%), and Aakshaya Infra (23%).
  • The design and build phase will take 48 months, followed by a long-term maintenance phase.

Why It Matters: This project significantly improves Mumbai's Mithi River and urban infrastructure.

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