The consortium led by Kolkata-based integrated infrastructure developer for surface transport MBL Infrastructures Ltd (MBL) has bagged a project worth Rs 1,021 crore from National Highway Authority of India (NHAI).

According to the company’s latest filing, the scope of the project includes four laning of Tarsod-Fagne (Package-IIB) section of NH-6 from km 422.700 to km 510.000 (87.30 km) in the state of Maharashtra to be executed on hybrid annuity mode under NHDP phase IV. The project has been allotted a construction period of 910 days, it added.

“During construction, 40% of the bid project cost (Rs 408.40 crore) will be funded by NHAI and the balance 60% (Rs 612.60 crore) will be arranged by the concessionaire. During the operation period, NHAI will pay concessionaire this 60% (adjusted for inflation during construction period) in semi-annual payments along with interest thereon at Bank Rate+3% and also semi-annual payments for operations & maintenance totalling Rs 134.85 crores for the project (which will be further adjusted for inflation)”, said the filing. The share of MBL Infra in the consortium is 51%.

Shares of MBL Infra closed trading at Rs 98.95, down 0.70% from the previous closing of Rs 99.65, on BSE Friday.

here is company details.

 

NOTE :You need to login first to access this feature.