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Ashoka Buildcon has informed the exchange that the company in joint venture with Ashoka Concessions (ABL-ACL Consortium) has received the Letter of Acceptance (LoA) from the National Highways Authority of India for a project involving collection of user fee through a fee collecting agency on the basis of competitive bidding at Kognoli Toll Plaza of NH - 4 in Karnataka. The estimated value of the contract is ₹38.14 crore. The consortium has been engaged by NHAI to collect user fee for a period of one year. Shares of Ashoka Buildcon slipped 0.13 per cent at ₹154.5 on the NSE.
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