The Project is executed by Ashoka Khairatunda Barwa Adda Road Limited, (SPV) a Wholly Owned Subsidiary of Ashoka Concessions Limited, a Subsidiary of the Company.
Further to inform that consequent to the declaration of CoD, the SPy is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD.
The Company also announces that the said SPV has received a Provisional Certificate for completion of 36.40 KMs out of total Project highway Length of 40.33 KMs.
At around 2.52 pm, Ashoka Buildcon stock was trading at Rs121.15 per piece up 1.5% on Sensex. The stock has touched an intraday high of Rs123 per piece which is near the 52-week high of Rs124 per piece on the same index.