Ashoka Buildcon has been declared as a successful bidder for one of National Highways Authority of India (NHAI) project vide letter of award dated November 30, 2011. The company had submitted its bid with the NHAI for design, build, finance and operation of rehabilitation and up-gradation of four laning of Cuttack - Angul section of NH-42 from Km 0.000 to Km 112.000 in the State of Orissa under NHDP Phase IV to be executed as BOT (Toll) on DBFOT Pattern.
The project was on premium basis with the concession period of 23 years and NHAI cost of the project was Rs 1123.69 crore.
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.