Incorporated on May 13, 1993, Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (`BOT`) basis. It currently operates one of the highest number of toll-based BOT projects in India. In addition, to BOT projects, the company also
(1) engineers and designs, procures the raw materials and equipment for and constructs 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) manufactures and sells ready-mix concrete (`RMC`), bitumen and pre-cast concrete poles and
(3) collects tolls on roads and bridges owned and constructed by third parties. It has 14 RMC plants with a total production capacity of 650 cubic meters per hour and 86 concrete transit trucks and 19 concrete pumps.
This division also sells and processes bitumen to a higher grade for use in road projects and supports the EPC division by supplying it with bitumen. The company currently operates or has an interest in 23 BOT road projects totaling approximately 3,498.35 kilometers of lanes in Maharashtra, Madhya Pradesh, Chhattisgarh, Karnataka, and Orissa the concessions for which were awarded on a BOT basis.
The weighted average concession period (including toll collection period) for these 23 BOT road projects was 21.09 years as at March 31, 2010. Out of the 23 BOT projects mentioned above, 17 are in operation and six are under construction.
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