MBL Infrastructures bags Rs 212cr road project in MP

August 23, 2011

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Construction firm MBL Infrastructures today said it has bagged a road development project worth an estimated Rs 212 crore from Madhya Pradesh Development Corporation.

The road project, to be executed through a wholly-owned subsidiary, is in the Seoni and Balaghat districts of Madhya Pradesh and passes through the towns of Seoni, Ari, Tighra, Kehaji, Paraswada and Kantangi.

“MBL Infrastructures Ltd has been awarded the project for developing the Seoni-Katangi to Maharashtra Border Section of State Highway-54 of Madhya Pradesh on a BOT (toll) basis by Madhya Pradesh Road Development Corporation,” the company said in a filing to the Bombay Stock Exchange.

While the concession period for the project is 30 years, the stipulated construction period is 730 days, it said.

Source: moneycontrol.com