Ashoka Buildcon’s subsidiary - Ashoka Concessions (ACL) has emerged as the Lowest Bidder at the Financial Bid opening meeting for Ranastalam to Anandpuram (Visakhapatnam) project. The bid project cost quoted by ACL was Rs 1,187.10 crore.
Earlier, ACL had submitted its bid to National Highways Authority of India (NHAI) for proposal for six laning of from Ranastalam to Anandpuram (Visakhapatnam) (from km 634.000 to km 681.000) section of NH-5 (New NH- 16) in the state of Andhra Pradesh under NHDP Phase - V (Package II) on Hybrid Annuity Mode Project.
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.
