Ashoka Buildcon’s wholly owned subsidiary -- Ashoka Baswantpur Singnodi Road (SPV) has executed a Concession agreement with National Highways Authority of India (NHAI) on May 17, 2022, for the Project viz. ‘Development of 6 lane Access Controlled Greenfield Highways from KM 162.500 to KM 203.100 Baswantpur to Singnodi section of NH-150C (Package IV of Akkalkot-KNT/TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana.
The SPV has been incorporated as wholly owned subsidiary of the Company for the execution of this Project as per requirement of Concession Agreement. The accepted bid project cost is Rs 1079 crore.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.
