Ashoka Kandi Ramsanpalle Road Private Limited achieves financial closure

Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has received the financial closure letter (dated October 23, 2020) from the National Highways Authority of India (NHAI). The company achieved financial closure for the project entailing four laning of the 39.98 km section of National Highway (NH)-161 from Kandi (design km 0) (km 498.25 of NH-65) to Ramsanpalle (design km 39.98/existing km 44.76) in Telangana. The hybrid annuity model project is being implemented under the Bharatmala Pariyojana at a bid project cost of Rs 10 billion.