Ashoka Buildcon receives Letter of Acceptance

Engaged as User Fee Collection Agency

Ashoka Concessions, subsidiary of Ashoka Buildcon has received Letter of Acceptance (LoA) for the project of 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 and the Company has been engaged for a period of one year.

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