Ashoka Buildcon secures Second CoD for Tumkur-Shivamogga Highway

07 Mar 2025 CW Team

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.

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