Ashoka Buildcon's subsidiary updates on achievement of financial closure

14 Oct 2022 , 02:50 PM

Ashoka Buildcon Limited has announced that Ashoka Baswantpur Singnodi Road Private Limited, a wholly owned subsidiary of the Company, has submitted duly executed financing documents to National Highways Authority of India (“NHAI”) for its mentioned Hybrid Annuity Mode (HAM) Project.

As per the filing, the project is for ‘Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana’.

The Company is within the timelines as specified in the Concession Agreement for compliances related to financial closure for above Project.

At around 2:50 PM, Ashoka Buildcon Ltd is currently trading at Rs76.55 per share up by Rs0.7 or 0.92% from its previous closing of Rs75.85 per share on the BSE.

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