Ashoka Buildcon executes concession agreement with NHAI
The company received the LoA in February
Ashoka Banwara Bettadahalli Road, a special purpose vehicle (SPV) of Ashoka Buildcon, has executed concession agreement with the National Highways Authority of India (NHAI) for road project under Bharatmala Pariyojana.
The company had received the letter of award (LoA) for the road project on 13 February 2020.
The scope of work involves four-laning of Tumkur-Shivamogga section from 119.790 km (design - 121.900 km) to 166.100 km (design - 170.415 km), Banwara to Bettadahalli section of NH-206 in the state of Karnataka on hybrid annuity mode (HAM) under (Package-III). The value of the project is Rs 1,035.50 crore.