Ashoka Buildcon Ltd has informed BSE that the Company has received Letter of Acceptance (LoA) for the Project viz. Collection of User Fee Through Fee Collecting Agency on the Basis of Competitive Bidding at Kognoli Toll Plaza located at Km 591.300 for the section from Maharashtra Border – Belgaum (Km. 537.000 to Km. 592.240) of NH – 4 in the State of Karnataka from National Highways Authority of India (NHAI).
The estimated value of the Contract is Rs. 24.09 Crores (Rupees Twenty Four Crores Nine Lacs only). Company has been engaged by NHAI to collect user fee for the period of 1 year.