Ashoka Buildcon Limited ('the Company') has announced that Ashoka Kandi Ramsanpalle Road Private Limited ('SPV') has executed a Concession Agreement with National Highways Authority of India ('NHAI') on January 03, 2020, for the Project viz. 'Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode'. ('Project')
The SPV is a Subsidiary of the Company.
The accepted Bid Project Cost is Rs.1,000.00 Crore.
Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.106.85 as compared to the previous close of Rs. 109.15. The total number of shares traded during the day was 82868 in over 2309 trades.
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