Ashoka Buildcon to execute two State Highway projects

For Karnataka Road Development Corporation

Ashoka Buildcon announced that the Company has received Letters of Award ("LoAs") from Karnataka Road Development Corporation ("KRDCL") in respect of the following Projects;

1. PROJECT NO. WCP 1 : Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Bagewadi (NH-4)-Bailhongal - Saundatti in the State of Karnataka on DBFOMT Annuity Basis;

The estimated Project Cost as per KRDCL is Rs. 235 crore.

2. PROJECT NO. WCP 7, Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Hungund - Muddebihal - Talikot in the State of Karnataka on DBFOMT Annuity Basis

The estimated Project Cost as per KRDCL is Rs. 205 crore.

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