Ashoka Buildcon SPV executes concession agreement for NHAI road project in Karnataka

Ashoka Buildcon announced that Ashoka Banwara Bettadahalli Road (SPV) has executed a Concession Agreement with National Highways Authority of India (NHAI) on 19 March 2020, for the Project viz. Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design Km 121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-206 in the State of Karnataka, on Hybrid Annuity Mode under Bharatmala Priyojana (Package-III). The accepted Bid Project Cost is Rs.1,035.50 crore.

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