Ashoka Buildcon Updates On Achievement Of Financial Closure
Ashoka Buildcon Limited (the Company) informs that Ashoka Khairatunda Barwa Adda Road Limited, a wholly owned subsidiary of Ashoka Concessions Limited, a Subsidiary of the Company, has submitted duly executed financing documents to NHAI for its below mentioned Hybrid Annuity Mode (HAM) Project.
|SPV name and Project||NHAI Estimated Project Cost (Rs. Crore)||SPV Bid Project Cost (Rs. Crore)||Construction & Operation Period|
|Ashoka Khairatunda Barwa Adda Road Limited Six Laning of Khairatunda to Barwa Adda Section of NH-2 from km. 360.300 to km. 400.132 in the State of Jharkhand under NHDP Phase-V on Hybrid Annuity Mode.||692||860.10||Construction period: 730 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 the above Project.