Ashoka Baswantpur Singnodi Road Pvt Ltd updates on achievement of Financial Closure

Ashoka Buildcon Limited ("the Company") has announced that Ashoka Baswantpur Singnodi Road Private Limited, a wholly owned subsidiary of the Company, has submitted duly executed financing documents to National Highways Authority of India ("NHAI") for its below mentioned Hybrid Annuity Mode (HAM) Project.

The project is for 'Development of 6 lane Access Controlled Greenfield highway from KM 162.500 to KM 203.100, Baswantpur to Singondi Section of NH 150 C (Package 4 of Akkalkot KNT of TS Border) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana'.

The Company is within the timelines as specified in the Concession Agreement for compliances related to financial closure for above Project.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 75.85 as compared to the previous close of Rs. 76.30. The total number of shares traded during the day was 63463 in over 1063 trades.

The stock hit an intraday high of Rs. 76.95 and intraday low of 75.05. The net turnover during the day was Rs. 4820053.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 SPV NHAI HAMProject AshokaBaswantpurSingnodiRoad FinancingDocuments