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Ashoka Buildcon wins Dun & Bradstreet Infra Awards 2017

Ashoka Buildcon Limited was honoured at the Dun & Bradstreet Infra Awards 2017 for its outstanding performance in Infrastructure Roads and Highways Sector. The award was given away by Nitin Gadkari, Union Minister of Road Transport and Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation, Government of India. Ashok Katariya, Chairman of Ashoka Group accepted the award on behalf of Ashoka Buildcon.

Highway developers may get exit option

Cash-strapped highway developers may be permitted by the Union government to exit projects at any stage after financial closure if lenders agree to change the concessionaires at the request of the existing developer. The Surface Transport Ministry feels that this could be a shot in the arm for stalled highway projects since equity released from old projects can be used to develop new ones, and companies with relevant expertise can take over the construction or operation and maintenance of the ex

Govt may ease exit norms for road developers

The Union government may relax exit norms for highway developers, a move which will increase mergers and acquisitions in the road construction sector of India. At present, there are limits on the extent to which a lead project developer can exit from a project, with time-based milestones. Relaxation of this norm has been a long-standing demand of developers and the Cabinet may soon take up a proposal in this regard.

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