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Ashoka Buildcon
BSE: 533271NSE: ASHOKAISIN: INE442H01029

20th-Mar-2020 10:23Source: BSE

Ashoka Buildcon - Execution Of Concession Agreement

Further to the announcement made on February 13, 2020, regarding receipt of LoA, Ashoka Buildcon Limited ('the Company') informs that Ashoka Banwara Bettadahalli Road Private Limited ('SPV') has executed a Concession Agreement with National Highways Authority of India ('NHAI') on March 19, 2020, for the Project viz. Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design Km 121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-206 in the State of Karnataka, on Hybrid Annuity Mode under Bharatmala Priyojana (Package - III). ('Project')

The SPV is a wholly owned subsidiary of the Company.

The accepted Bid Project Cost is Rs.1,035.50 Crore.

This is for your kind information.

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