Ashoka Buildcon SPV receives Rs 383.80 crore in arbitral award
Ashoka Buildcon announced that one of its Wholly Owned Subsidiaries viz. Ashoka Infrastructure ('SPV'), which had executed Pune Shirur Road Project in the State of Maharashtra, has received an Arbitral Award of Rs.383.80 crore, against various claims filed by the SPV.
The Project had been awarded by Government of Maharashtra, Executive Engineer, Public Works Department, Division Pune, viz. Four Lanning and strengthening of Pune Ahmednagar Road SH 60 in km. 10/600 to 64/00. The toll collection at the said Project had been stopped since 08 August 2014.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 24 2018 | 10:41 AM IST