NEW DELHI: Ashoka BuildconNSE 1.32 % Thursday said it has won a Rs 1,382 crore highway contract in Karnataka from National Highways Authority of India (NHAI).
The contract to build 56 km highway stretch is under hybrid annuity mode (HAM) under which the government provides 40 per cent of the project cost to start work, while the remaining investment is made by the developer.
The company’s subsidiary Ashoka Concessions Ltd (ACL) had submitted its bid to NHAI for the Tumkur – Shivamogga section of highway from Bettadahalli Shivamogga (Package IV) in Karnataka on HAM under Bharatmala project.
