Ashoka Buildcon arm receives Appointed Date for Rs 856.20 crore NHAI project

Ashoka Belgaum Khanapur Road Private Limited has received March 07, 2019 as an Appointed Date for an NHAI Project vide NHAI letter dated June 10, 2019.

In a communication to BSE and NSE, Ashoka Buildcon said the accepted Bid Project Cost is Rs 856.20 crore. The construction period of the Project is 910 days from Appointed Date and operation period is 15 years from COD, it said.

Ashoka Belgaum Khanapur Road Private Limited is a wholly owned subsidiary of Ashoka Concessions Limited (ACL), a Subsidiary of Ashoka Buildcon.

ACL was the preferred bidder for the Project viz. 4 Laning of Belgaum -Khanapur Section Km 0+000 – Km 30+800 (design
chainage km 0+000 – Km 30+000) of NH-4A in the State of Karnataka on Hybrid Annuity Mode.

Image Credit : thehindubusinessline.com

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