New Launch8 Jul 2025, 06:07 pm
Ashoka Buildcon Submits Financing Documents for Hybrid Annuity Mode Project in West Bengal
AI Summary
Ashoka Buildcon Limited has submitted financing documents for the development of a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode. The project cost is Rs.1,391 Crore (Excl. GST) with a construction period of 910 days from the Appointed Date and an operation period of 15 years from COD. The Financial Close for the project has been noted by NHAI on 02-06-2025.
Key Highlights
- Ashoka Buildcon has submitted financing documents for a 4-lane Economic Corridor project in West Bengal.
- The project cost is Rs.1,391 Crore (Excl. GST) with a construction period of 910 days from the Appointed Date.
- The project is under Hybrid Annuity Mode with an operation period of 15 years from COD.
- The Financial Close for the project has been noted by NHAI on 02-06-2025.
- The project is a wholly owned subsidiary of Ashoka Buildcon Limited.