Ashoka Buildcon: NHAI Project achieves Commercial Operation Date (CoD)
Ashoka Buildcon's SPV received Commercial Operation Date (CoD) for a 45.05 KMs stretch of its NHAI HAM project in Karnataka. The SPV has completed 27.02 KMs of Service Road and 45.05 KMs of main carriageway. Annuity payments are eligible from October 07, 2026, for 15 years.
The achievement of CoD for a project stretch is a positive development. However, the full impact will depend on the total project completion and the consistent flow of annuity payments over the 15-year period.
The announcement marks a significant milestone for the company as a key project has achieved its Commercial Operation Date, paving the way for revenue generation through annuity payments.
Ashoka Buildcon Limited has announced the declaration of October 07, 2026, as the Commercial Operation Date (CoD) for a 45.05 KMs stretch of its Hybrid Annuity Mode (HAM) Project with the National Highways Authority of India (NHAI).
This project, named “Four Laning of Tumkur Shivamogga Section from 170+415 to km. 226+750, Bettdahalli Shivamogga of NH-206 on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka”, is executed by Ashoka Bettadahalli Shivamogga Road Private Limited, a Wholly Owned Subsidiary of the Company.
The SPV has received a Provisional Certificate for the completion of 27.02 KMs of Service Road and 45.05 KMs of the main carriageway, out of the total Project stretch of 50.975 KMs. Consequent to the CoD declaration, the SPV is now eligible for annuity payments from NHAI for a period of 15 years, payable every six months starting from October 07, 2026.
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