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Ashoka Buildcon‘s arm has got a Rs 1,187 crore project from NHAI for widening of a stretch of NH 5 in Andhra Pradesh.
It has said in a regulatory filing that “The company’s subsidiary viz Ashoka Concessions Ltd (ACL) has received letter of awards from National Highways Authority of India (NHAI)… for six laning of Ranastalam to Anadpuram (Visakhapatnam) section of NH 5 (new NH 16) in Andhra Pradesh.”
It further said that the project will be undertaken on hybrid annuity mode under the National Highways Development project phase V.
It added that “The accepted bid project cost is Rs 1,187.10 crore.”
