Ashoka Buildcon Limited has informed the Exchange about Receipt of Provisional Certificate (PCOD) for NHAI Project
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Ashoka Buildcon has received a Provisional Certificate for completion of 50.570 KMs of a highway project in Karnataka under the Hybrid Annuity Mode (HAM). The Tumkur-Shivamogga section (NH-206) has achieved its Third Commercial Operation Date (CoD) on May 8, 2026, adding 8.29 KMs to the previously completed 42.280 KMs. The project is executed through its SPV, Ashoka Mallasandra Karadi Road Private Limited. With the Third CoD achieved, the SPV is now eligible to receive annuity payments from NHAI for 15 years at 6-month intervals.
This milestone confirms the project is operational and generating predictable semi-annual annuity income for the next 15 years, which is positive for the company's cash flow visibility and long-term revenue stability.