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Ashoka Buildcon receives arbitration award

The projects is for EPC model and have to be completed in 36 months. 

Ashoka Buildcon has received arbitration award related to Rajasthan project.

The company told exchanges that it, along with one of its subsidiary has received an amount of Rs.22,44,90,005 vide settlement agreement executed with NHAI. Further, the proceeds received by the company was an outcome of conciliation process, for the resolution of disputes under the arbitration, for the Project viz. construction of 4/6 lane access controlled Chittorgarh Bypass-NH-79, in Rajasthan.

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