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Ashoka Buildcon
BSE: 533271NSE: ASHOKAISIN: INE442H01029

28th-Mar-2020 15:43Source: BSE

Ashoka Buildcon - Operation In View Of COVID -19 Pandemic

In view of the emergency situation arising due to spread of COVID-19 & to support the lockdown initiative(s) taken by the Central/State Govt., to contain the spread of COVID-19, we wish to inform you that the operations of the Company at all locations have been temporarily shut-down.
The Company has been taking necessary precautionary measures at all its locations against the spread of COVID-19. The Company has also followed ''''Work From Home'''' policy for its employees.
Given the uncertainty around the situation it is difficult to ascertain the impact of the pandemic COVID-19 on the business operations of the Company at this point of time.
Please also note that as per the directions of MoRTH/ NHAI, in order to follow MHA guidelines, operations at all toll plaza of the Project SPVs have been closed.
We state that the prevailing condition may be treated as Force Majeure as per Concession Agreement & Project SPVs are entitled for relief as per terms of the Concession Agreement.

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