Ashoka Buildcon’s step down subsidiaries - Ashoka Mallasandra Karadi Road, Ashoka Karadi Banwara Road and Ashoka Belgaum Khanapur Road have executed concession agreement with National Highways Authority of India (NHAI) for Hybrid Annuity Mod (HAM) Projects in the State of Karnataka.
All these SPVs are Wholly Owned Subsidiaries of Ashoka Concessions, a subsidiary of the company. The accepted bid project cost of all the above projects is Rs 2,991.70 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.
