Ashoka Buildcon has declared the commercial operations date (COD) for a stretch of its hybrid annuity mode (HAM) project of National Highways Authority of India (NHAI). The COD is 15 September, 2024.

The development of six-lane access controlled greenfield highway from km 162.500 to km 203.100, Baswantpur to Singondi section of NH-150 C (Package IV of Akkalkot KNT of TS Border) is on HAM under Bharatmala Pariyojana. The project is executed by Ashoka Baswantpur Signodi Road (SPV), a wholly-owned subsidiary of the company.

The SPV has received a provisional certificate for completion of 39.07 km, out of total project stretch of 40.600 km.

Further to inform that consequent upon the declaration of CoD, the SPV is eligible for receipt of an annuity from NHAI for the operation period of 15 years at the interval of every six months, from 15 September, 2024.