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Provisional Certificate (CoD) for 4.221 KMs stretch of NHAI HAM project; aggregate completion 47.196 KMs

Provisional Certificate received declaring 13 Oct 2026 as CoD for a 4.221 KMs stretch of the NHAI HAM project in Karnataka.

By ScoutQuest · Sat 24 Oct 2026, 10:41 AM IST · 1 min read

Commercial Operation Date

13 Oct 2026

Stretch length declared CoD

4.221 KMs

Aggregate certified completed length

47.196 KMs

What the company said

• The Commercial Operation Date (CoD) for a stretch of 4.221 KMs has been declared as 13 October 2026, vide a letter issued by the Independent Engineer on 23 October 2026.
• This is in addition to 39.050 KMs already received w.e.f. 17 October 2023 (First CoD) and 3.925 KM w.e.f. 15 October 2024 (Second CoD).
• The SPV has received a Provisional Certificate/s for completion of a total length of 47.196 KMs in aggregate, revised after de-scoping.

About the project

• Four-laning of the Tumkur–Shivamogga section of NH-206 in Karnataka, from km 121+900 (Banwara) to km 170+415 (Bettadahalli).
• It is a Hybrid Annuity Mode (HAM) project under the Bharatmala Pariyojana (Package – III).
• It is executed by Ashoka Banwara Bettadahalli Road Private Limited, a wholly owned subsidiary of the company.

Why it matters to investors

• Consequent upon the First CoD, the SPV is already eligible to receive annuity payments from NHAI for the operation period of 15 years, at intervals of every 6 months from the date of the First CoD, i.e. 17 October 2023.
• The latest CoD covers one more completed stretch, taking the aggregate certified length to 47.196 KMs after de-scoping.

Points to note

• The aggregate length is described as revised after de-scoping, so the certified length differs from the original project scope.
• The annuity eligibility from NHAI is stated to flow from the First CoD of 17 October 2023, with payments at six-month intervals over the 15-year operation period.

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