Ashoka Buildcons NHAI road project in Telangana achieves financial closure

Ashoka Buildcons NHAI road project in Telangana achieves financial closure

Oct 26, 2020 11:10 IST 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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