ACL gets LoA For Tumkur-Shivamogga project

Ashoka Buildcon Limited has said that its subsidiary Ashoka Concessions Limited (ACL) has received a Letter of Award (LOA) from National Highways Authority of India (NHAI) for the Project viz. Tumkur – Shivamogga Section from Km 170.415 to Km 226.750 from Bettadahalli Shivamogga (Package IV) on Hybrid Annuity Mode.

The project is being implemented under Bharatmala in the State of Karnataka. The accepted Bid Project Cost is Rs 13,820 million (Rs 1382 crore).

Recently, Ashoka Buildcon had stated that its joint venture firm has emerged as the lowest bidder for a Rs 443.23 crore worth railway project in Punjab.

In a regulatory filing, the infrastructure firm said it has submitted the bid to Rail Vikas Nigam Ltd in joint venture with Stroytech Services LLC, wherein the company is a lead member, for the project in the Punjab.

Image credit : static.newsx.com

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