Ashoka Buildcon Subsidiaries Submits Financing Documents To NHAI For HAM Projects
Ashoka Buildcon Limited (the Company) informs that the following three wholly owned subsidiaries of Ashoka Concessions Limited, a Subsidiary of the Company, have submitted duly executed financing documents to NHAI for their below mentioned Hybrid Annuity Mode (HAM) Projects.
| SPV name and Project | NHAI Estimated Project Cost (Rs. Crore) | SPV Bid Project Cost (Rs. Crore) | Construction & Operation Period |
| Ashoka Mallasandra Karadi Road Private Limited Four laning of Tumkur - Shivamogga section from Km 12+310 (Design km 12+300) to Km 66+540 ( Design Km 65+195) from Mallasandra to Karadi Village of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV in the state of Karnataka | 824.95 | 917.00 | Construction period: 730 days. Operation period: 15 years from COD. |
| Ashoka Karadi Banwara Road Private Limited Four laning of Tumkur Shivamogga section from km 65.195 (Karadi) to km 121.900 (Banawara) of NH206 on Hybrid Annuity Mode under NHDP Phase - IV, in the State of Karnataka | 1078.35 | 1218.50 | Construction period : 730 days. Operation period: 15 years from COD. |
| Ashoka Belgaum Khanapur Road Private Limited 4 Laning of Belgaum - Khanapur Section Km 0+000 - Km 30+800 (design chainage km 0+000 - Km 30+000) of NH-4A in the State of Karnataka on Hybrid Annuity Mode | 896.81 | 856.20 | Construction period : 910 days. Operation period: 15 years from COD. |
Further to apprise that the Company is within the timelines as specified in the Concession Agreement for financial closure for above Projects.
