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Ashoka Buildcon on Thursday said its subsidiary has received an arbitral award of ₹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, Ashoka Buildcon informed the exchanges.
The project had been awarded by Maharashtra Government for four-laning and strengthening of the Pune-Ahmednagar Road SH 60. The toll collection at the project had been stopped since August 8, 2014, the company added. Shares of Ashok Buildcon closed at ₹255.60, up 2.63 per cent, on the BSE.
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