Skip to main content

MoneyWorks4Me

Ashoka Buildcon’s arm executes concession agreement with NHAI

20 Mar 2020 Evaluate

Ashoka Buildcon’s SPV -- Ashoka Banwara Bettadahalli Road has executed a Concession Agreement with National Highways Authority of India (NHAI) on March 19, 2020, for the Project viz. Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design Km 121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-206 in the State of Karnataka, on Hybrid Annuity Mode under Bharatmala Priyojana (Package - III).

The SPV is a wholly owned subsidiary of the company. The accepted Bid Project Cost is Rs 1,035.50 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.

Peers
Company Name CMP
Larsen & Toubro 4033.20
Kalpataru Projects 1346.90
NCC 124.80
Rail Vikas Nigam 191.35
KEC International 326.40
View more..