New Delhi, Mar 20: Ashoka Buildcon on Friday announced the execution of a concession agreement with NHAI for a Rs 1,035.5 crore road project in Karnataka.
“Ashoka Banwara Bettadahalli Road Pvt Ltd (SPV) 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…In the state of Karnataka, on hybrid annuity mode under Bharatmala Priyojana (Package – III),” Ashoka Buildcon said in a filing to the BSE.
The SPV is a wholly owned subsidiary of the company, the filing said.
“The accepted bid project cost is Rs 1,035.50 crore,” the filing said.
(PTI)
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