Ashoka Buildcon in mutual agreement with Mumbai International Airport (MIAL) has decided to withdraw from GVK SKY City Project with no financial or otherwise implications to the company.
Earlier in April 2017, the company had received Letter of Award (LoA) from MIAL for developing the Land Parcels NS-CO2 and NS-CO3 located near existing Chhatrapati Shivaji International Airport, Mumbai (GVK SKY City 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.
