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

Consequent to 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 36.40 kms out of total Project highway Length of 40.33 kms.