Ashoka Buildcon’s wholly owned subsidiary -- Ashoka Infrastructure -- which executed Pune-Shirur Road Project in the State of Maharashtra has received an arbitral award aggregating Rs 89.81 crore, against various claims. This amount will further receive an interest from July 06, 2015 till the date of payment.
The project had been awarded by Government of Maharashtra, Executive Engineer, Public Works Department - World Bank Project Division. The toll collection at the said Project has been stopped since August 2014.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
