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Ashoka Buildcon updates on road project in State of Maharashtra

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Capital Market

Gets extension in concession period by one year

Ashoka Buildcon announced that the Company Public Works Dept. of the State of Maharashtra (PWD) has given an extension in Concession Period by one year i.e. up to 09 September 2018 for its Project viz. four laning of long road sections from Ahmednagar to Ghodegaon and three laning from Ghodegaon to Wadala under Build-Operate-Transfer (BOT) basis on State Highway 60 ('Project'). The Toll notification is issued under the approved variation order by the State Government of Maharashtra.

The toll revenue for Q1FY18 of the Project is Rs. 6.44 Crore.

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First Published: Sep 11 2017 | 2:18 PM IST

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