Corporate News     27-Sep-23
Ashoka Buildcon provides update on NHAI road project in Karnataka

Ashoka Buildcon announced the declaration of 08 September 2023 as the Commercial Operations Date (CoD) for its Hybrid Annuity Mode Project of National Highways Authority of India (NHAI) vide letter issued by Independent Engineer on 26 September 2023 for the Project viz. “Four Laning of Tumkur - Shivamogga section from 66+540 (Design km 65+195) (Karadi) to km. 119+790 (Design km. 121+900) (Banwara) of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV in the state of Karnataka (Package-II)” (Project).

The Project is executed by Ashoka Karadi Banwara Road (SPV), a Wholly Owned Subsidiary of Ashoka Concessions, a Subsidiary of the Company.

Consequent upon the declaration of CoD, the SPV is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD. The Company also announced that the said SPV has received a Provisional Certificate for completion of 41.61 KMs out of total Project stretch of 56.71 KMs.

Previous News
  Ashoka Buildcon receives provisional certificate for NHAI project in Karnataka
 ( Corporate News - 04-Mar-25   13:09 )
  Ashoka Buildcon director resigns
 ( Corporate News - 13-Apr-23   10:15 )
  Ashoka Buildcon to sell subsidiary- Unison Enviro to Mahanagar Gas
 ( Corporate News - 04-Mar-23   10:45 )
  Ashoka Buildcon rises on bagging projects worth Rs 2,968 cr
 ( Hot Pursuit - 09-Jan-23   10:54 )
  Ashoka Buildcon gains after bagging order from Bangalore Intl Airport
 ( Hot Pursuit - 29-Nov-24   15:14 )
  Ashoka Buildcon wins work order of Rs 1,055 cr from Bangalore International Airport
 ( Corporate News - 29-Nov-24   15:24 )
  Ashoka Buildcon provides update on NHAI road project in Karnataka
 ( Corporate News - 10-Mar-22   18:34 )
  Ashoka Buildcon consolidated net profit rises 172.91% in the December 2020 quarter
 ( Results - Announcements 05-Feb-21   18:26 )
  Ashoka Buildcon consolidated net profit rises 580.08% in the December 2024 quarter
 ( Results - Announcements 11-Feb-25   07:52 )
  Ashoka Buildcon gains on emerging as L-1 bidder for Road Ministry project
 ( Hot Pursuit - 03-Dec-21   10:26 )
  Ashoka Buildcon completes NHAI road project in Telangana
 ( Corporate News - 16-Jan-23   15:51 )
Other Stories
  Board of Piccadily Agro Industries allots 6.72 lakh equity shares on conversion of warrants
  12-Jun-25   18:12
  Board of Canara Bank approves capital raising plan for FY 2026
  12-Jun-25   18:09
  SG Mart secures orders worth Rs 266 cr
  12-Jun-25   18:02
  Happiest Minds Technologies appoints Anand Balakrishnan as CFO
  12-Jun-25   18:01
  SEPC bags solar power project of Rs 650 cr
  12-Jun-25   17:57
  Galada Finance AGM scheduled
  12-Jun-25   17:51
  Hindustan Unilever to conduct EGM
  12-Jun-25   17:51
  Cyient DLM to hold AGM
  12-Jun-25   17:51
  Safa Systems & Techs. to conduct AGM
  12-Jun-25   17:51
  Atal Realtech to conduct EGM
  12-Jun-25   17:50
Back Top