Deals7 Jan 2025, 12:21 am
Ashoka Buildcon's Subsidiary Executes Concession Agreement with NHAI for Rs. 1,391 Crore Project
AI Summary
Ashoka Buildcon Ltd. announces that its wholly owned subsidiary, Ashoka Bowaichandi Guskara Road Private Limited, has executed a Concession Agreement with the National Highways Authority of India (NHAI) for the development of a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section under Hybrid Annuity Mode. The project cost is estimated at Rs. 1,391 Crore, excluding GST.
Key Highlights
- Ashoka Buildcon's subsidiary signs Concession Agreement with NHAI for a 4-lane Economic Corridor project in West Bengal.
- The project cost is estimated at Rs. 1,391 Crore, excluding GST.
- The project is to be executed within 910 days, including monsoon.
- The agreement was executed on January 06, 2025.
- The project is awarded under Hybrid Annuity Mode.