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22-Feb2019

Ashoka Buildcon's arm emerges lowest bidder for project in Karnataka

Ashoka Buildcon's subsidiary -- Ashoka Concessions (ACL) has emerged as 'the Lowest Bidder' for the Project namely Tumkur - Shivamogga Section from Km 170.415 to Km 226.750 from Bettadahalli Shivamogga (Package IV) on Hybrid Annuity Mode under Bharatmal in the State of Karnataka. The quoted bid project cost for the project is Rs 1,382 crore.

Earlier, the company had submitted its bid to National Highways Authority of India (NHAI) for the Project.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.


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