Ashoka Buildcon Limited has announced the receipt of a Provisional Certificate for the Commercial Operation Date (CoD) for a 47.196 km stretch of its NHAI Hybrid Annuity Mode project. This development, related to the “Four Laning of Tumkur Shivamogga Section,” makes the Special Purpose Vehicle (SPV) eligible for annuity payments from NHAI for the next 15 years, commencing from October 17, 2023.
Provisional Certificate for NHAI Project Achieved
Ashoka Buildcon Limited (“the Company”) has received confirmation regarding the Commercial Operation Date (CoD) for a significant portion of its Hybrid Annuity Mode (HAM) project with the National Highways Authority of India (NHAI). The company informed that October 13, 2026, has been declared as the CoD for a stretch of 4.221 KMs, as per a letter from the Independent Engineer dated October 23, 2026. This is in addition to previously declared stretches: 39.050 KMs effective from October 17, 2023 (First CoD), and 3.925 KMs effective from October 15, 2024 (Second CoD).
Project Details and Annuity Eligibility
The project, named “Four Laning of Tumkur Shivamogga Section from 121+900 (Banwara) to km. 170+415 (Bettadahalli) of NH-206 on Hybrid Annuity Mode under Bharatmala Pariyojana (Package – III),” located in the state of Karnataka, is executed by Ashoka Banwara Bettadahalli Road Private Limited (SPV), a Wholly Owned Subsidiary of the Company. The SPV has now received Provisional Certificate/s for a cumulative completed length of 47.196 KMs (revised after de-scoping) for the project.
Consequent to the declaration of the First CoD, the SPV is now eligible to receive annuity payments from NHAI. These payments will be made for the operation period of 15 years at intervals of every six months, starting from the date of achievement of the First CoD, which is October 17, 2023.
Source: BSE
