Ashoka Buildcon’s subsidiary -- Ashoka Kandi Ramsanpalle Road (SPV) has executed a Concession agreement with National Highways Authority of India (NHAI) on January 03, 2020, for the project viz. ‘Four laning of NH-161 from Kandi (design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (design Km 39.980/existing Km 44.757) (design length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode’. The accepted Bid project cost is Rs 1,000 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.
