MoneyWorks4Me

MBL Infrastructures arm achieves financial closure for Bikaner Suratgarh BOT project

02 May 2013 Evaluate

Suratgarh Bikaner Toll Road Company, a subsidiary of MBL Infrastructures has achieved the financial closure of its Project for Developing and Operation of Bikaner - Suratgarh Section of NH-15 in the State of Rajasthan. The Project is to be executed on DBFOT Basis with a concession period of 16 years (including construction period of 24 months). The project is for two laning with paved shoulder of 172.384 km of Bikaner - Suratgarla Section of NH - 15 in the state of Rajasthan, The debt component for the project is financed by a consortium of 5 Public Sector banks.

The company has a fine balance of EPC and BOT projects. Amongst the BOT projects, the Company has 3 Toll Projects (of which 1 is already operational) and 2 annuity plus toll projects.

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. MBL has a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.

Peers
Company Name CMP
Larsen & Toubro 3870.25
Kalpataru Projects 1431.25
NCC 135.75
Rail Vikas Nigam 203.95
KEC International 402.00
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