Ashoka Buildcon gets Rs 440-crore Karnataka Road Development projects

Infrastructure firm Ashoka Buildcon Ltd on Monday said it has bagged two orders worth Rs 440 crore from Karnataka Road Development Corporation Ltd (KRDCL).

The company said it has received Letters of Award from KRDCL for two projects.

In a filing to the BSE, Ashoka Buildcon Ltd said that under one project it has to Design, Build, Finance, Operate, Maintain and Transfer the existing State Highway Bagewadi (NH-4)-Bailhongal-Saundatti in Karnataka on DBFOMT annuity basis.

The second project is on same lines for the existing State Highway Hungund-Muddebihal-Talikot.

Estimated cost of the projects as per KRDCL is Rs 235 crore and Rs 205 crore respectively.

Shares of Ashoka Buildcon Ltd were trading at Rs 162.85 apiece, up 0.65%, on the BSE.