MBL Infrastructures bags project worth Rs 1,021 crore from NHAI

04 Nov 2016

MBL Infrastructures (MBL) bags project worth Rs 1,021 crore on DBFOT Hybrid Annuity basis by National Highways Authority of India (NHAI). The project is for four lane of Tarsod - Fagne (Package-IIB) Section of NH-6 from 422.700 km to 510.000 km in the state of Maharashtra to be executed on Hybrid Annuity Mode under NHDP phase IV.

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 totaling Rs 134.85 crore for the project (which will be further adjusted for inflation). The share of company in the consortium is 51%.

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.

Related MBL Infrastructures Ltd. Links:

MBL Infrastructures Share Price

18.85 -0.20 (-1.05%) May 17, 18:01
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1386.85
Rail Vikas Nigam 29.30
KEC International 390.60
NCC 79.15
PNC Infratech 233.25
View more..
Sensex vs MBL Infrastructures
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323