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Supreme Infrastructure’s SPV commences Toll Plaza at Maharashtra

26 Sep 2011 Evaluate

Supreme Infrastructure’s SPV Company - Supreme Kopragaon Ahmednagar Tollways has commenced the Toll Plaza at Nagar Kopargaon Road at Dehri Village, Maharashtra, This is the first Toll Plaza started by the company. Supreme Infrastructure India had taken over this partially completed project from the original concessioner for ‘Construction of 4-Laning of Kopargaon-Ahmednagar Road (SH-10) from Km 120/00 To Km 175/530 (Project-II) in the State of Maharashtra’ at an estimated project cost of Rs 234 crore which has been completed 3 months ahead of anticipated scheduled time of completion.

This project is housed in the SPV, Supreme Kopargaon Ahmednagar Tollways. The entire equity of this SPV is held by Supreme Infrastructure BOT, a 100% subsidiary of Supreme infrastructure India.

The cost of the Nagar Kopargaon BOT project is Rs 234 crore whereby Debt Equity ratio is in the tune of 3:1. The concession period is till 09/05/2017 plus eligible extension due to escalation of various variable factors. The total length of the road is 55 kilometers.

Supreme Infrastructure India is engaged in the construction of highways, roads & bridges and engineering works. It also manufactures crushed metals, ready-mix concrete, asphalt and wet mix macadam. The company has been formed to undertake engineering works of unrestricted value with most of the government departments, public & private sector organizations.

Supreme Infra. India Share Price

72.00 -2.87 (-3.83%)
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