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Ashoka Buildcon’s arm executes Concession Agreement with NHAI

07 Jan 2025 Evaluate

Ashoka Buildcon’ wholly owned subsidiary -- Ashoka Bowaichandi Guskara Road (SPV) has executed a Concession Agreement with National Highways Authority of India (NHAI) on January 06, 2025, for the Project viz. for Development of 4 lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode (Project). The SPV has been incorporated as wholly owned subsidiary of the Company for the execution of this Project as per requirement of the Concession Agreement. The accepted Bid Project Cost is Rs 1391 crore. The said project is expected to be executed in 910 days including monsoon. 

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis.


Ashoka Buildcon Share Price

132.50 9.20 (7.46%)
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