Ashoka Buildcon has informed exchanges that its wholly owned subsidiary viz. Ashoka Baswantpur Singnodi Road Pvt Ltd has achieved financial closure for a HAM Project namely six lane access controlled greenfield highway from km 162.5 to km 203.1, Baswantpur to Singondi Section of NH 150 C on HAM mode. The bid project cost for the project was at Rs 1,079 crore.
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With the achievement of financial closure, Ashoka Buildcon expects the receipt of appointed date in the near term enabling company to ramp up execution, going forward.
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