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Ashoka Buildcon on Thursday said its subsidiary Ashoka Concessions has emerged as the lowest bidder at ₹1,382 crore for an NHAI project in Karnataka. The bid is for a road project to build a 56-km highway stretch under the hybrid annuity mode. While the government will provide 40 per cent of the project cost to start the work, the remaining investment will be brought in by the developer. Shareholders will monitor the execution of the project.
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