Ashoka Buildcon has said that Ashoka Belgaum Khanapur Road Private Ltd has received March 7, 2019, as Appointed Date for the NHAI project. The accepted bid project cost is ₹856.20 crore and the construction period is 910 days from the appointed date with operation period of 15 years from the commercial operation date.
Ashoka Belgaum Khanapur Road Pvt Ltd is a wholly-owned subsidiary of Ashoka Concessions, a subsidiary of the company that was the preferred bidder for the project.
Shares of Ashoka Buildcon closed marginally lower at ₹139.55 against the previous day’s close of ₹140.15 on the NSE.