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Ashoka Buildcon’s arm executes concession agreement with NHAI

05 May 2018 Evaluate

Ashoka Buildcon’s step down subsidiary - Ashoka Khairatunda Barwa Adda Road has executed a concession agreement with National Highways Authority of India (NHAI) for six laning of Khairatunda to Barwa Adda Section of NH-2 from km. 360.300 to km. 400.132 in the state of Jharkhand under NHDP Phase-V on Hybrid Annuity Mode. The accepted bid project cost is Rs 860.10 crore.

Ashoka Khairatunda Barwa Adda Road is a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the company.

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 4069.75
Kalpataru Projects 1365.70
NCC 123.00
Rail Vikas Nigam 189.75
KEC International 323.25
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