Ashoka Buildcon’s arm achieves financial closure for Karnataka road project

07 May 2019

Ashoka Buildcon’s step down subsidiary-- Ashoka Belgaum Khanapur Road has received a letter from National Highways Authority of India for the approval of financial closure for the Hybrid Annuity (HAM) Project.

The project is for construction of four lane of Belgaum Khanapur Section Km 0+000 - Km 30+800 (Design chainage Km 0+000 to Km 30+000) of NH-4A in the State of Karnataka on Hybrid Annuity Mode.

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.

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