Sadbhav Infrastructure Project’s Wholly Owned Subsidiary -- Aurangabad Jalna Toll Way (AJTL) has received extension in the concession period of 7 years 8 months and 7 days from Government of Maharashtra. Original Concession Period of 23 years and 6 months has been extended to 31 years, 2 months and 7 days and accordingly, Concession Period will now end on April 7, 2038.
Extension in concession period is in relation to additional works, escalation in bitumen prices, changes in SBI PLR rate in line with various clauses of the Concession Agreement dated December 20, 2006.
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.
