iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ashoka Buildcon receives provisional certificate for NHAI road project; Stock up 2%

11 Nov 2022 , 12:26 PM

Ashoka Buildcon Limited has informed the declaration of October 26, 2021 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (“NHAI”).

As per the filing, the Project is “Construction of Four Laning of Tumkur – Shivamogga section from 12+310 (Design km 12+300) to km 66+540 (Design km 65+195) from Mallasandra to Karadi Village of NH-206 on Hybrid Annuity Mode, under NHDP phase-IV in the state of Karnataka (Package I)”.

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

In addition to this, the company informed that 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 34.730 KMs out of total Project stretch of 50.645 KMs.

On Friday, at around 12:29 PM, Ashoka Buildcon Ltd is currently trading at Rs75.20 per share up by Rs1.4 or 1.9% from its previous closing of Rs73.80 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • acquisition
  • Ashoka Buildcon
  • Ashoka Buildcon Ltd
  • Ashoka Buildcon Ltd market
  • Ashoka Buildcon Ltd news
  • Ashoka Buildcon Ltd project
  • Ashoka Buildcon Ltd shares
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.