MoneyWorks4Me

MBL Infra’s arm commences commercial operation of ‘Waraseoni - Lalbarra’ road project

10 Aug 2015 Evaluate

MBL Infrastructures' - wholly owned subsidiary - MBL (MP) Toll Road Company (MBLTRCL), has commenced commercial operations of its toll road project of Waraseoni - Lalbarra section from SH-54 junction at Km 0/10 to 19/43 at SH-26 Junction in the state of Madhya Pradesh, on design, built, finance, operate and transfer (DBFOT) toll plus annuity basis.

MBLTRCL will have the benefit of toll collection as well as receipt of semi annuity of Rs 3.26 crore over the Concession Period of 15 years (including construction period). The BOT project of 114 km long Seoni - Balaghat - Gondia State Highway, in the state of Madhya Pradesh is already operational since February, 2008 implemented through AAP Infrastructure, a wholly owned subsidiary of MBL.

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.


Peers
Company Name CMP
Larsen & Toubro 3871.15
Kalpataru Projects 1437.90
NCC 137.25
Rail Vikas Nigam 207.25
KEC International 398.05
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