Nagarjuna, JV partners win Rs 765cr deal

Nagarjuna Construction Company and its joint venture partners have won a Rs 765 crore order for the construction of elevated highway project in the Bangalore-Hosur Section of NH-7.

According to a release issued by Nagarjuna Construction Company to the BSE today, the project is on build, operate and transfer (BOT) basis from the Silk Board junction to Electronic City junction in Bangalore.

"The project has a concession period of 20 years including the construction period of 24 months. The company's share in the project will be approximately Rs 255 crore," the release added.