With reference to the earlier letter dated August 10, 2016, regarding receipt of LoA, Ashoka Buildcon has informed that Ashoka Kharar Ludhiana Road (SPV) has executed a Concession Agreement with National Highways Authority of India (NHAI) on September 22, 2016, for the Project viz. 4/6 laning of Kharar to Ludhiana section of NH-95 (new NH-05) from Kharar km. 10+185 (design chainage) to Samrala Chowk, Ludhiana km. 86+199 (design chainage) in the State of Punjab on Hybrid Annuity mode (Project). SPV is a Wholly Owned Subsidiary of Ashoka Concessions, a Subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
