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Provider: Reuters Investment Profile
Provider: Spark Capital Advisors(India) Private Limited

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Ashoka Buildcon Ltd And GVR Infra Projects Limited Receives Contract For Chennai-ORR Project

Wednesday, 3 Jul 2013 08:34am EDT 

Ashoka Buildcon Ltd announced that the Company along with GVR Infra Projects Limited, as a Consortium (50% : 50%) had submitted its bid to the Tamil Nadu Road Development Company Ltd. (TNRDC) for the Project viz. "Development of Chennai Outer Ring Road Phase II from Nemilicheri in NH 205 To Minjur in Thiruvottiyur - Ponneri - Panchetti (TPP) Road on Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis at Chennai, in the State of Tamil Nadu" (Project). The project is on Annuity Basis with a Concession Period of 20 years and TNRDC cost of the Project is INR9,854,400,000. Tamil Nadu Road Development Company Ltd. has declared the Consortium as a "Selected Bidder" for the aforesaid Project vide Letter of Award dated July 02, 2013. 

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14.5 +12.74%
6:25am EDT