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MBL Infra Bags Orders Worth Over Rs 5 Bn

  • MBL Infrastructures has been awarded the project fro 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`) basis 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 - 11 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 Infrastructures, (Q,N,C,F)* Srei Infrastructure being the other partner. The total cost of the project is exceeding Rs 5 billion.With this the company is executing 21 projects of Rs 26.36 billion.Shares of the company gained Rs 7.95, or 6.65%, to trade at Rs 127.50. The total volume of shares traded was 3,711 at the BSE (11.31 a.m., Tuesday).

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