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 consolidated net profit rises 67.73% in the June 2022 quarter
 ( Results - Announcements 11-Aug-22   08:57 )
  Ashoka Buildcon gets provisional certificate for NHAI project
 ( Hot Pursuit - 17-Jan-23   11:27 )
  Ashoka Buildcon receives affirmation in credit ratings
 ( Corporate News - 31-May-23   15:55 )
  Ashoka Buildcon wins flyover construction project of Rs 918 cr
 ( Corporate News - 11-Oct-24   11:23 )
  Ashoka Buildcon acquires stake in GVR Ashoka Chennai ORR
 ( Corporate News - 16-Mar-24   13:13 )
  Ashoka Buildcon receives reaffirmation in credit ratings
 ( Corporate News - 14-May-22   16:23 )
  Ashoka Buildcon reports consolidated net profit of Rs 134.56 crore in the March 2020 quarter
 ( Results - Announcements 15-Jun-20   15:55 )
  Ashoka Buildcon announces board meeting date
 ( Corporate News - 11-May-24   12:48 )
  Ashoka Buildcon consolidated net profit rises 343.72% in the December 2021 quarter
 ( Results - Announcements 14-Feb-22   08:23 )
  Ashoka Buildcon gains on emerging as L-1 bidder for Road Ministry project
 ( Hot Pursuit - 03-Dec-21   10:26 )
  Ashoka Buildcon successfully bids for MoRTH's road project in Goa
 ( Corporate News - 03-Dec-21   10:02 )
Other Stories
  TT Group and AFCOM Cargo strengthen partnership for expansion of air freight services
  11-Feb-25   19:49
  Ramco Systems implements its Payce platform at Air Niugini
  11-Feb-25   19:47
  Juniper Hotels Board approves acquisition of Jenipro Hotels
  11-Feb-25   19:44
  Zaggle Prepaid Ocean Services to acquire 16.67% stake in Mobileware
  11-Feb-25   19:34
  Hatsun Agro Product further invests Rs 10 lakh in Milk Mantra Dairy
  11-Feb-25   19:31
  Borosil Scientific grants 14.08 lakh stock options under ESOS
  11-Feb-25   19:29
  Delhivery allots 8.22 lakh equity shares under ESOP
  11-Feb-25   19:28
  Apollo Pipes invests Rs 2.58 cr in Kisan Mouldings
  11-Feb-25   19:21
  Kesar India acquires 51% stake in Kesar IM Infra Projects
  11-Feb-25   19:19
  Edelweiss Financial Services allots 7.44 lakh equity shares under ESAP
  11-Feb-25   19:18
Back Top