The project is to be completed within a period of 26 months.
The Construction period is 912 days from the appointed date.
The project floated by NHAI is the 4-Laning of Karimnagar Warangal Section of NH-563.
The bid project cost is Rs1577 crore and expected completion period is 730 days from appointed date.
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.
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