MBL Infrastructures SPV completes an additional length of 9.780 km of National Highway Project

That said, the total completed length of the Project Highway is 166.415 km (96.54%) out of 172.384 kms.

Mar 19, 2021 01:03 IST India Infoline News Service

MBL Infrastructures, 100% wholly-owned special purpose vehicle (SPV), Suratgarh Bikaner Toll Road received further provisional completion certificate for 9.780 km (5 .68%) length in addition to 156.635 kms (90.86%) of its 172.384 kms of National Highway Project.

That said, the total completed length of the Project Highway is 166.415 km (96.54%) out of 172.384 kms.

Surender Aggarwal, Executive Director of Suratgarh Bikaner Toll Road said, "The commercial operations (toll collection) for 90.86% of 172.384 kms had commenced on 17.02.2019 and with the issuance of a provisional certificate dated 18.03.2021 for additionally completed length of 9.780 km of Project Highway, the increased revenue from toll collections will improve the performance of the Company."

Aggarwal added, "The balance work of the project along with the change of scope works are expected to be completed within the next financial year."

On Sensex, MBL Infra was trading at Rs22.25 per piece down by 1.11% at around 1.19 pm. 

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