MBL Infra bags Rs 779 cr road project from NHAI

MBL Infrastructures Ltd (MBL) today said it has bagged a Rs 779 crore road project from National Highways Authority of India (NHAI).
"MBL Infrastructures Ltd has been awarded...Project on DBFOT (Design-Build-Finance-Operate-Transfer) hybrid annuity basis by National Highways Authority of India (NHAI)," the company said in a BSE filing.
Under the contract, the company will have go for six-laning of the greenfield proposed Udaipur bypass on Hybrid Annuity mode, package IV under NHDP phase V in Rajasthan, it said.
During the construction, 40 per cent of the bid project (Rs 311.60 crore) will be funded by NHAI and the balance 60 per cent (Rs 467.40 crore) will be arranged by concessionaire.

"During the operation period, NHAI will pay concessionaire this 60 per cent...In semi annual payments alongwith interest thereon at Bank Rate...And also semi annual payments for operation and maintenance totaling Rs 63.75 crore for the project," it said.
MBL Infrastructures is engaged in execution of civil engineering projects across the country. The company has integrated business model for EPC and BOT projects.