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MBL Infra hits monthly high after receiving Project/news1001202

Tuesday, January 10, 2012

MBL Infrastructures advanced over 8% and touched monthly high of Rs129.90, after the company bags over Rs500 crore Bikaner-Suratgarh Project on NH-15
MBL Infrastructures has been awarded the project for Developing and Operation of Bikaner — Suratgarh Section of NH — 15 in the State of Rajasthan by PWD, Rajasthan. The Project will be executed on Design, Build, Finance, Operate and Transfer (‘DBFOT’) b.sis with a concession period of 16 years including construction period of 24 Months.

The project is for two laning with paved shoulder of Bikaner — Suratgarh Section of NH — 15 (Km 553/869 of NH — Ii to Km 173/000 of NH — 15 via Km 10/630 of NH - 15) in the State of Rajasthan. The project has been awarded to the Consortium led by MBL Infrastructures1 SREI Infrastructure being the other partner. The Total Cost of the project is exceeding Rs500 crore. With this the company is executing 21 projects of Rs26361.41 millions,
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