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Infrastructure firm Ashoka Buildcon Ltd today 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 the same lines for the existing State Highway Hungund-Muddebihal-Talikot.
The 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 per cent, on the BSE.
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