MBL Infra bags Rs 779 crore road project from NHAI – Feedback

MBL Infrastructures Ltd (MBL) today said it has bagged a Rs 779 crore road project from National HighwaysAuthority of India (NHAI).

“MBL Infrastructures Ltd has been awarded…Project on DBFOT (Design-Build-Finance-Operate-Transfer) hybrid annuity basis by National Highways Authority of India (NHAI),” the company said in a BSE filing. Under the contract, the company will have go for six-laning of the greenfield proposed Udaipur bypass on Hybrid Annuity mode, package IV under NHDP phase V in Rajasthan, it said. During the construction, 40 per cent of the bid project (Rs 311.60 crore) will be funded by NHAI and the balance 60 per cent (Rs 467.40 crore) will be arranged by concessionaire.

http://www.business-standard.com/article/pti-stories/mbl-infra-bags-rs-779-cr-road-project-from-nhai-116062700471_1.html

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