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Ashoka Buildcon’s arm receives LoA for Ranastalam - Anandpuram project

21 Mar 2017 Evaluate

Ashoka Buildcon’s subsidiary Ashoka Concessions (ACL) has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the project of six laning of 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. The accepted bid project cost is Rs 1,187.10 crore.

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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