Ashoka Buildcon Executes Concession Agreement With NHAI For Road Projects In Karnataka
Ashoka Buildcon Limited (the company) informs that the following companies (SPVs) have executed Concession Agreement with National Highways Authority of India (NHAI) for respective HAM Projects in the state of Karnataka as per details given below.
|Name of SPV signing Concession Agreement||Name of the Project||Accepted Bid Cost (Rs. Cr.)|
|Ashoka Mallasandra Karadi Road Private Limited||Four laning of Tumkur — Shivamogga section from Km 12+310 (Design km 12+300) to Km 66+540 ( Design Km 65+195) from Mallasandra to Karadi Village of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV in the State of Karnataka||917.00|
|Ashoka Karadi BanwaraRoad Private Limited||Four laning of Tumkur-Shivamogga section from km 65.195 (Karadi) to km 121.900 (Banawara) of NH-206 on Hybrid Annuity Mode under NHDP Phase - IV, in the State of Karnataka||1,218.50|
|Ashoka Belgaum Khanapur Road Private Limited||4 Laning of Belgaum - Khanapur Section Km 0+000 - Km 30+800 (design chainage km 0+000 - Km 30+000) of NH-4A in the State of Karnataka on Hybrid Annuity Mode||856.20|
All these SPVs are a Wholly Owned Subsidiaries of Ashoka Concessions Limited, a Subsidiary of the Company. The accepted Bid Project Cost of all the above Projects is Rs. 2,991.70 Crore.