The project is 4-laning of Ujjain-Badnawar Section from km 26.9 to km 96.00 (length-69.1 km) on HAM.
The Board has fixed Friday, March 04, 2022 as the Record Date for the purpose of determining the shareholders of the company to whom the fully paid-up equity shares of ARIL is proposed to be issue and allot.
Lodha is holing 73.94%, 74.25% and 72.70% of these 3 listed entities respectively.
The purchase consideration of Rs4cr has been determined and the same has been financed through internal accruals and cash balances, the company said.
The Company has emerged as the Lowest Bidder (L-1) and the quoted Bid Price of the Project is Rs829.49cr.
SunTeck Realty was the only realty stock trading marginally in the green.
The up-gradation and four laning of Haridwar Bypass Package-1 will be undertaken by a SPV which shall be incorporated by IRCON as its WOS.
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