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.