"Ashoka Buildcon Completes Major Highway Project in Telangana"

Ashoka Buildcon Limited has announced the successful completion of a major highway project in Telangana, receiving a completion certificate from the National Highways Authority of India (NHAI) for its Hybrid Annuity Mode (HAM) project.

The project, carried out by Ashoka Kandi Ramsanpalle Road Private Limited, a wholly-owned subsidiary of Ashoka Buildcon, involved the four-laning of NH-161 from Kandi to Ramsanpalle, covering a distance of 39.980 kilometers. The completion certificate, issued by an independent engineer on August 8, 2024, signifies that the entire stretch of the project has been finished, and the subsidiary is now set to receive annuity payments for the full 39.980 kilometers.

Ashoka Buildcon's shares were trading at ₹239.10, reflecting a gain of 1.80 points (0.76%) on the NSE at 12:55 PM on Friday. This completion marks the latest update in a series of project announcements, following previous progress reports on January 16, 2023, and March 9, 2024.

HBL