Ashoka Buildcon's subsidiary - Ashoka Concessions (ACL) has emerged as the Lowest Bidder at the Financial Bid opening meeting held at New Delhi, for NHAI Project. The company quoted Bid Project Cost is Rs 1687 crore.
Earlier, ACL had submitted its bid to National Highways Authority of India (NHAI) for the Project viz. 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) (Project).
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.