Ashoka Buildcon SPVs achieve financial closure for three projects

Ashoka Buildcon announced that three wholly owned subsidiaries of Ashoka Concessions, a subsidiary of the company, have submitted duly executed financing documents to NHAI for their below mentioned Hybrid Annuity Mode (HAM) Projects.

Ashoka Mallasandra Karadi Road - 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.
Bid Project cost - Rs 917 crore.

Ashoka Karadi Banwara Road - 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.
Bid project cost - Rs 1218.50 crore.

Ashoka Belgaum Khanapur Road- 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.
Bid project cost - Rs 856.20 crore.

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