Sadbhav Infrastructure Project’s Wholly Owned Subsidiary -- Dhule Palesner Tollway (DPTL) has won an arbitration award against National Highways Authority of India (NHAI) of Rs 56.39 crore (including interest upto the date of award of Rs 12.44 crore). DPTL shall receive interest at the rate of 15.80% from October 27, 2019 till final payment.
As per Restated Share Purchase Agreement (RSPA) entered into on October 28, 2015, 60% of the awarded amount (net of taxes and expenses) shall be paid to HCC Concessions.
Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated in 2007 as a developer and operator for highways, road and related projects on a BOT basis.
Company Name | CMP |
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Larsen & Toubro | 3667.40 |
Rail Vikas Nigam | 381.60 |
KEC International | 741.90 |
Kalpataru Projects | 1205.00 |
NCC | 287.25 |
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