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Ashoka Buildcon's NHAI road project in Telangana achieves financial closure

Capital Market 

Ashoka Buildcon announced that Ashoka Kandi Ramsanpalle Road, a wholly owned subsidiary of the Company is in receipt of letter from National Highways Authority of India dated 23 October 2020 for the approval for achievement of Financial closure as on 05 October 2020 for the Project viz. 'Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State of Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode'.

The bid project cost is Rs 1000 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 26 2020. 11:17 IST
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