Ashoka Buildcon has informed that one of its Associates viz. Jaora-Nayagaon Toll Road Company (‘JTCL’) has completed refinancing of its debt of Rs 552 Crore with State Bank of India. After refinancing the interest cost has been reduced to 9.80% per annum resulting in a saving of 1.50% per annum. Further note that JTCL executes the Project viz. to carry on the business of Design, Construction, Finance, Strengthening, Widening, Operation and Maintenance on BOT basis for the Four Laning of Jaora - Nayagaon section from Km. 126/200 to 252/200 of State Highway - 31 in the State of Madhya Pradesh.
The above information is a part of company’s filings submitted to BSE.
