Ashoka Buildcon’s arm - Ashoka Ankleshwar Manubar Expressway (SPV) has executed a Concession Agreement with National Highways Authority of India (NHAI) on May 11, 2018 for construction of Eight Lane Vadodara Kim Expressway from Km 279.00 to Km 292.00 (Ankleshwar to Manubar Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Phase - VI on Hybrid Annuity mode (Phase IA-Package IV). The accepted Bid Project Cost is Rs 1,687 crore. SPV is a Wholly Owned Subsidiary of Ashoka Concessions, a subsidiary of the company.
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.
