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MBL Infrastructures Ltd Announces Project From Madhya Pradesh Road Development Corporation Ltd


Saturday, 9 Feb 2013 03:15am EST 

MBL Infrastructures Ltd announced that it has been awarded the project of developing a 46.98 km road from Garra-Waraseoni upto Maharashtra Border in the State of Madhya Pradesh by Madhya Pradesh Road Development Corporation Ltd (MPRDC). MPRDC shall pay an annuity of INR8.15 crores every six months. Besides annuity, MBL shall have the right to collect toll from the road users. The concession period is 15 years & the construction period is 730 days. The project cost is over INR100 crores (INR1. billion). The project will be executed through a 100% owned subsidiary. 

Company Quote

341.0
5.75 +1.72%
3:52am EDT