Corporate News     09-Feb-13
MBL Infrastructures bags a 46.98 km annuity & toll road project in MP
MBL Infrastructures has been awarded the project of developing a 46.98 km road from Garra-Waraseoni upto Maharashtra Border in the state of Madhya Pradesh by Madhya Pradesh Road Development Corporation (MPRDC).

MPRDC shall pay an annuity of Rs 8.15 crore every six months. Besides annuity, MBL shall have the right to collect toll from the road users. The concession period is 15 years and the construction period is 730 days. The project cost is over Rs 100 crore and the project will be executed through a 100% owned subsidiary.

The company made this announcement on 09 February 2013.

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