GVR-Ashoka Chennai, a joint venture (JV) of Ashoka Buildcon and GVR Infra Projects has executed a Concession Agreement with Government of Tamil Nadu, Highways and Minor Ports Department on September 18, 2013. The agreement is executed for the Project viz. ‘Development of Chennai Outer Ring Road Phase ll from Nemilicheri in NH 205 To Minjur in Thiruvottiyur -Ponneri - Panchetti (TPP) Road on Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis at Chennai, in the State of Tamil Nadu (‘Project’).
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.