Ashoka Buildcon’s subsidiary Ashoka Concessions has received Letter of Acceptance (LoA) for the Project -- Engagement of User Fee Collection Agency on the Basis of Competitive Bidding (e-tender) for Kognoli Toll Plaza located at Km 591.240 for the section from Km. 537.000 to Km. 592.240) Belgaum to Karnataka /Maharashtra Border Section) on NH - 4 in the State of Karnataka from National Highways Authority of India (NHAI). The estimated value of the contract is Rs 48.96 crore. Ashoka Concessions has been engaged by NHAI to collect user fee for a period of one (1) year.
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.