Ashoka Buildcon is planning an investment of Rs.535 crore in the construction of Bhandara road project, which will connect Chhattisgarh and Maharashtra.

Ashoka Buildcon, through its subsidiary Ashoka Highways (Bhandara) Limited - will implement the project. The road project involves construction, operation and maintenance of a 320 lane km (four lanes) long road section of NH 6 from the Chhattisgarh/Maharashtra border to the Wainganga Bridge section from 405 km to 485 km of the NH 6. This will be part of the Golden Quadrilateral connecting Raipur with Nagpur, Mumbai and Pune.

Under the terms of the concession agreement, the construction of the project is to be completed by March 2010. NHAI will give a grant of Rs.10 crore to Ashoka Highways (Bhandara) during the construction phase of the project. The toll rates are set forth in the concession agreement with a clause to revise the rates every year with effect from 1 September 2008 as per the changes in the Indian Wholesale Price Index each fiscal year.