+
Ashoka Buildcon secures Second CoD for Tumkur-Shivamogga Highway
ROADS & HIGHWAYS

Ashoka Buildcon secures Second CoD for Tumkur-Shivamogga Highway

Ashoka Buildcon has announced the declaration of February 11, 2025, as the Commercial Operation Date (CoD) for an additional 8.595 km stretch of its Hybrid Annuity Mode (HAM) project on National Highway-206 (NH-206). This milestone was confirmed through a letter issued by the Independent Engineer on March 3, 2025.

This new development adds to the 41.61 km stretch that had already received First CoD from the National Highways Authority of India (NHAI), effective from September 8, 2023, as per the NHAI letter dated September 26, 2023. The project involves the four-laning of the Tumkur-Shivamogga section from Karadi (Km 66.540) to Banwara (Km 119.790) under NHDP Phase-IV in Karnataka (Package-II).

The project is being executed by Ashoka Karadi Banwara Road, a wholly owned subsidiary of Ashoka Concessions Limited, which in turn is a subsidiary of Ashoka Buildcon. The company also confirmed that the Special Purpose Vehicle (SPV) has received a Provisional Certificate for the completion of 50.205 km out of the total 56.705 km project stretch.

With this progress, the SPV is now eligible to receive annuity payments from NHAI for the next 15 years, disbursed every six months, starting from the date of the First CoD. This ensures sustained revenue flow for the company while contributing to improved road infrastructure in Karnataka.

Ashoka Buildcon has announced the declaration of February 11, 2025, as the Commercial Operation Date (CoD) for an additional 8.595 km stretch of its Hybrid Annuity Mode (HAM) project on National Highway-206 (NH-206). This milestone was confirmed through a letter issued by the Independent Engineer on March 3, 2025.This new development adds to the 41.61 km stretch that had already received First CoD from the National Highways Authority of India (NHAI), effective from September 8, 2023, as per the NHAI letter dated September 26, 2023. The project involves the four-laning of the Tumkur-Shivamogga section from Karadi (Km 66.540) to Banwara (Km 119.790) under NHDP Phase-IV in Karnataka (Package-II).The project is being executed by Ashoka Karadi Banwara Road, a wholly owned subsidiary of Ashoka Concessions Limited, which in turn is a subsidiary of Ashoka Buildcon. The company also confirmed that the Special Purpose Vehicle (SPV) has received a Provisional Certificate for the completion of 50.205 km out of the total 56.705 km project stretch.With this progress, the SPV is now eligible to receive annuity payments from NHAI for the next 15 years, disbursed every six months, starting from the date of the First CoD. This ensures sustained revenue flow for the company while contributing to improved road infrastructure in Karnataka.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?