Ashoka Buildcon Limited

We build and operate roads and bridges in India on a build, operate and transfer ("BOT") basis. We believe we 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") and bitumen, (3) collect tolls on roads and bridges owned and constructed by third parties. Our 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.