MoneyWorks4Me

Ashoka Buildcon receives arbitration award of Rs 22.45 crore

03 Jul 2018 Evaluate

Ashoka Buildcon, along with one of its subsidiary has received amount of Rs 22,44,90,005 vide settlement Agreement executed with NHAI, as a outcome of conciliation process for the resolution of disputes under the Arbitration ref -II for the Project viz. construction of 4/6 lane access controlled Chittorgarh Bypass - NH-79, in the State of Rajasthan ('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.

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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