Ashoka Buildcon Limited informs the declaration of May 08, 2026 as the Commercial Operation Date (CoD) for stretch of 8.29 KMs vide letter issued by Independent Engineer on May 12, 2026, ....
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Ashoka Buildcon Limited announced that the Independent Engineer has declared May 08, 2026 as the Commercial Operation Date (Third CoD) for an 8.29 KMs stretch of its HAM (Hybrid Annuity Mode) project for NHAI. This is for the Four Laning of Tumkur-Shivamogga section (NH-206) in Karnataka. With this, the total completed stretch now stands at 50.570 KMs in aggregate. The project is executed through Ashoka Mallasandra Karadi Road Private Limited, a wholly-owned subsidiary SPV. As a result of this CoD declaration, the SPV is now eligible to receive annuity payments from NHAI for an operation period of 15 years at 6-month intervals.
Positive development for shareholders as the project completion triggers entitlement to regular annuity income streams from NHAI for 15 years, providing steady cash flow visibility.