Ashoka Buildcon announced that Ashoka Highways (Bhandara), (SPV) a subsidiary of Ashoka Concessions, a subsidiary of the company, has received Arbitration Award (Award) aggregating Rs 1.68 billion inclusive of interest till date and declaratory award against various claims filed by SPV before National Highways Authority of India (NHAI).

The project includes construction, operation and maintenance chattisgarh / Maharashtra Border-Wainganga Bridge Section from K.M. 405.000 to K.M. 485.000 of NH-6 in the State of Maharashtra under NHDP Phase IIIA on Build Operate and Transfer (BOT) basis, awarded by NHAI. 

Shares of the company declined Rs 1.45, or 1.17%, to trade at Rs 122.25. The total volume of shares traded was 2,934 at the BSE (10.23 a.m., Monday).