Ashoka Buildcon Ltd.   (ASHOKA)

Company build and operate roads and bridges in India on a build, operate and transfer (?BOT?) basis. They believe they currently operate one of the highest number of toll-based BOT projects in India. In addition, to BOT projects, we also (1) engineer and design, procure the raw materials and equipment for and construct roads, bridges, distribution transformers, electricity substations, commercial buildings, industrial buildings and institutional buildings for third parties as well as perform maintenance for third parties, (2) manufacture and sell ready-mix concrete (?RMC?), bitumen and pre-cast concrete poles and (3) collect tolls on roads and bridges owned and constructed by third parties. The business is organised into four divisions: the BOT divisions; the engineering, procurement and construction (EPC) division; the RMC and bitumen division; and the toll collection contract division. Origin of ABL was in year 1996. Prior to fiscal 1997, they were engaged solely in the engineering and construction of residential, commercial, industrial and institutional buildings. In fiscal 1997, having acquired EPC skills, they also turned their attention to bidding for contracts for toll roads and toll bridges on a BOT basis. They were awarded their first BOT project, the Dhule bypass in Maharashtra, in fiscal 1997 and completed the construction of the road in the same fiscal year. In fiscal 2000 they began manufacturing RMC solely for use by their EPC division. In fiscal 2002 they began to manufacture RMC to sell to third parties as well. In fiscal 2005 they began processing bitumen to a higher grade at their facility in Pune for use in road projects. The head office is in Nashik, Maharashtra and their operations currently reach across the states of Maharashtra, Madhya Pradesh, Chhattisgarh, Rajasthan, Karnataka and Orissa. In the past, they have also undertaken work in Gujarat, Goa and Tamil Nadu, Uttaranchal, the National Capital Territory of Delhi and the union territories of Dadra and Nagar Haveli and Daman and Diu.

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