Ashoka Highways Limited Receives Arbitration Award aggregating INR 168 crores

Deepthi | Myequity news | Date : 28-01-2019 11:15:00 IST

Ashoka Highways (Bhandara) Limited (SPV), a Subsidiary of Ashoka Concessions Limited, has received Arbitration Award aggregating Rs.168.01 Crore inclusive of interest till date and declaratory award against various claims filed by SPV before National Highways Authority of India (NHAI).

The Project includes Construction, Operation and Maintenance Chattisgarh / Maharashtra Border-Wainganga Bridge Section from K.M. 405.000 to K.M. 485.000 of NH-6 in the State of Maharashtra under NHDP Phase IIIA on Build Operate and Transfer (BOT) basis, awarded by NHAI.

About Ashoka Buildcon:

Ashoka Buildcon Ltd, a road infrastructure company, builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. The company operates one of the highest number of toll-based BOT projects in India. In addition to BOT project, they design and procure the raw materials and equipment for and construct roads, bridges, distribution transformers, electricity substations, commercial buildings, industrial buildings and institutional buildings for third parties as well as perform maintenance for third parties.

More from Myequity