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Ashoka Buildcon intimates on toll exemption on Ahmednagar Aurangabad Road Project

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Capital Market

With effect from 01 June 2015

Ashoka Buildcon announced that as per the Notification of the Govt. of Maharashtra to exempt cars and State Transport buses w.e.f. 01 June 2015 from the Toll, the only Project covered under this Notification is Ahmednagar Aurangabad Road Project. The Company has implemented the said Notification.

The toll collection for the said Project was Rs. 19.67 crore in FY 2014-15. The composition of Cars in the total revenue of the project is approx. 20%. The shortfall of toll due to above notification would be compensated by the Govt. in due course.

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First Published: Jun 04 2015 | 1:13 PM IST

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