Ashoka Buildcon has received Letters of Award (LoAs) from Karnataka Road Development Corporation (KRDCL) in respect of two projects amounting Rs 440 crore. The first LoA is for Project No. WCP 1 worth Rs 235 crore to Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Bagewadi (NH-4)-Bailhongal - Saundatti in the state of Karnataka on DBFOMT Annuity Basis.
The second LoA is for Project No. WCP 7 worth Rs 205 crore to Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Hungund - Muddebihal - Talikot in the state of Karnataka on DBFOMT Annuity Basis.
Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
