Ashoka Buildcon informed the exchanges that its subsidiary - Ashoka Concessions Ltd - had submitted its bid to the National Highways Authority of India for three projects in Karnataka under NHDP Phase-IV on hybrid annuity mode. ACL has emerged as the lowest bidder at the financial bid, the company has claimed. The aggregate quoted bid project cost for the three projects is ₹2,991.70 crore. Analysts and investors will closely monitor the development.