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Highways builder Ashoka Buildcon today said its subsidiary has received an arbitral award of Rs 383.80 crore against various claims filed by it.
“Ashoka Infrastructure (SPV), which had executed the Pune-Shirur Road Project in Maharashtra, has received an arbitral award of Rs 383.80 crore against various claims filed by the SPV,” Ashoka Buildcon said in a regulatory filing.
The project was awarded by the Maharashtra government for four-laning and strengthening the Pune-Ahmednagar Road SH 60. Toll collection at the said project has been stopped since August 8, 2014, the company added. Shares of Ashok Buildcon were trading 1.59 per cent higher at Rs 253 on BSE.
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