MBL Infra Starts Commercial Operation Of Toll Collection At Suratgarh-Bikaner Section Road
Suratgarh Bikaner Toll Road Company Private Limited, a Special Purpose Vehicle of MBL Infrastructures Limited has commenced commercial operations (toll collections) for 90.86% of its 172.384 km National Highway project of Suratgarh-Bikaner Section of NH-62 in the state of Rajasthan. The Company has an equity investment of Rs 185 crores.
"The commencement of the commercial operations (toll collection) of Suratgarh-Bikaner National Highway Project will ensure long term cash flows to Company and has increased the prequalification capacities of the Company. Since approval of the Resolution Plan, this is the fourth public interest project substantially completed by the Company. We expect to substantially complete five more public interest projects by 31st March 2019. This was part of our strategy to first focus on completing ongoing projects. We will now start bidding for new projects in our core competency area where we have huge opportunities. Our strategy is to bid for and win large ticket size 4-5 projects in our core competency area in near future." said Mr A.K. Lakhotia, Chairman & Managing Director of the Company while addressing the Company officials.