ASHOKA BUILDCON LTD. - Receipt of LoAs

Ashoka Buildcon Ltd has informed BSE that the Company has received Letters of Award ("LoAs") from Karnataka Road Development Corporation Limited ("KRDCL") in respect of the following Projects;<BR><BR>1. PROJECT NO. WCP 1 : Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Bagewadi (NH-4)-Bailhongal - Saundatti in the State of Karnataka on DBFOMT Annuity Basis;<BR><BR>The estimated Project Cost as per KRDCL is Rs. 235 Crore.<BR><BR>2. PROJECT NO. WCP 7, Design, Build, Finance, Operate, Maintain and Transfer (DBFOMT) of Existing State Highway Hungund - Muddebihal - Talikot in the State of Karnataka on DBFOMT Annuity Basis<BR><BR>The estimated Project Cost as per KRDCL is Rs. 205 Crore.