ASHOKA BUILDCON LTD. - 533271 - Expiry Of Concession Period - Handing Over Of The Toll Project At Wainganga Bridge
Ashoka Buildcon Limited (the Company) hereby informs that its Associate Company viz. Abhijeet Ashoka Infrastructure Private Limited (SPV), implementing the Project viz. Construction of Bridge & its approaches across Wainganga River in Km. 491/100 of Nagpur - Raipur Road Section NH 6 in Bhandara under BOT (with Toll Rights) on behalf of Govt. of Maharashtra, Office of Executive Engineer, National Highway Division, Public Works Dept. (the Authority). The SPV has handed over the Project back to the Authority on September 28, 2023, after the expiry of the Concession Period successfully as per the terms of the Concession Agreement / Arbitration Awards. The average daily toll collection was around Rs. 11 Lakhs. However, the toll income was not recognized as Revenue as the matter is sub-judice.29-09-2023