Ashoka Buildcon achieves financial closureASHOKA - 88 Change: 0.95 (1.09 %)
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.
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.