Ashoka Buildcon’s Wholly Owned Subsidiary - Ashoka Infrastructure (SPV), which had executed Pune Shirur Road Project in the State of Maharashtra, has received an Arbitral Award of Rs 383.80 crore, against various claims filed by the SPV.
The Project had been awarded by Government of Maharashtra, Executive Engineer, Public Works Department, Division Pune, viz. Four Lanning and strengthening of Pune Ahmednagar Road SH 60 in km 10/600 to 64/00. The toll collection at the said Project had been stopped since August 08, 2014.
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.
