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
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?