"The company had bid for the projects floated by State Highways Authority of Jharkhand...The company has received letters of acceptance for the projects," Ashoka Buildcon Ltd said in a BSE filing.
Under the contract, the company would construct, rehabilitate and double the lanes with paved shoulders of Govindpur-Tundi-Giridih and Dumka-Hansidha roads in Jharkhand.
"The accepted bid value of the projects is Rs 401.59 crore. These projects will be funded by Asian Development Bank," the filing said.