MoneyWorks4Me

Ashoka Buildcon receives LoAs worth Rs 440 crore from KRDCL

14 Sep 2015 Evaluate

Ashoka Buildcon has received Letters of Award (LoAs) from Karnataka Road Development Corporation (KRDCL) in respect of two projects amounting Rs 440 crore. The first LoA is for Project No. WCP 1 worth Rs 235 crore to Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Bagewadi (NH-4)-Bailhongal - Saundatti in the state of Karnataka on DBFOMT Annuity Basis.

The second LoA is for Project No. WCP 7 worth Rs 205 crore to Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Hungund - Muddebihal - Talikot in the state of Karnataka on DBFOMT Annuity Basis.

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.


Peers
Company Name CMP
Larsen & Toubro 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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