Ashoka Buildcon’s subsidiary Ashoka Concessions (ACL), has received its fourth tranche of investment of Rs 133 crore from SBI Macquarie. The fund will be utilized for equity investment into various under construction projects.
Including this tranche, the total equity investment by SBI-Macquarie in ACL is Rs 623 crore and balance would be received as per equity requirements of projects under construction.
Ashoka Buildcon currently has a portfolio of 25 BOT projects of which 20 are revenue generating as of date. Ashoka Concessions has a portfolio of seven toll roads including six national highway projects.
