Ashoka Buildcon selects as bidder for Chennai-ORR Project

            Ashoka Buildcon Ltd has informed BSE that the Company along with GVR Infra Projects Limited, as a Consortium (50% : 50%) had submitted its bid to the Tamil Nadu Road Development Company Ltd. ("TNRDC") for the Project viz. "Development of Chennai Outer Ring Road Phase II from Nemilicheri in NH 205 To Minjur in Thiruvottiyur - Ponneri - Panchetti (TPP) Road on Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis at Chennai, in the State of Tamil Nadu" ("Project"). The project is on Annuity Basis with a Concession Period of 20 years and TNRDC cost of the Project is Rs. 985.44 Crores.

          Tamil Nadu Road Development Company Ltd. has declared the Consortium as a "Selected Bidder" for the aforesaid Project vide Letter of Award dated July 02, 2013.