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Ashoka Buildcon

Ashoka Buildcon - Successful bidder for Four Laning of Cuttack-Angul Section (112 KMs)

Ashoka Buildcon Ltd has informed BSE that the Company had submitted its bid with the National Highways Authority of India ("NHAI") for Design, Build, Finance and Operation of "Rehabilitation and Up gradation of Four Laning of Cuttack - Angul Section of NH-42 from Km 0.000 to Km 112.000 in the State of Orissa under NHDP Phase IV to be executed as BOT (Toll) on DBFOT Pattern" ("Project"). The project is on Premium Basis with the Concession Period of 23 years and NHAI cost of the Project is Rs. 1123.69 Crores.

NHAI has declared the Company as "Successful Bidder" for the aforesaid Project vide Letter of Award dated November 30, 2011.

Source