MBL Infra Substantially Completes Project
MBL Infrastructures Limited has substantially completed work of Project for Construction of 96 flats {Basement + Ground + 12 storied) Tulsi Tower l/C Internal W/S, S/F, Internal Electrification works, & Development work at Tulsi Nagar, Bhopal, Madhya Pradesh (Contact Value Rs. 39.97 crs.).
“The Company at present has two operational BOT projects (a) Suratgarh-Bikaner National Highway Project in the state of Rajasthan where the commercial operations of toll collection have commenced for 90.86% of its 172.384 km of the Project since 17.02.2019. MBL Infrastructures Ltd has an equity investment of Rs 185 crores and (b) Waraseoni- Lalbarra Road in the state of Madhya Pradesh where the toll is being collected and semi-annual Annuity is being released by Madhya Pradesh Road Development Corporation since 03.08.2015. The Resolution Plan of the Company was approved by order dated 18.04.2018. Since then the Company has substantially completed public interest projects of (i) construction of residential accommodation for NHAI Staff at Dwarka, New Delhi (Contact Value Rs. 44.31 crs.) (ii) Construction of Two lane railway over bridge at Sonepat Purkhas Moi Road at Level Crossing No. 29 on Delhi Ambala Railway Line in Sonepat Distt, construction value of Rs. 35.89 crs. The New building of the police station, Delhi Cannt. and Delhi Police Residential complex constructed by the Company (Contract value Rs 49.82 crs.) was inaugurated by Hon’ble Home Minister of Government of India. Hon'ble L G. Delhi and Commissioner of Police. Delhi and was dedicated to the nation. We expect four more projects to be completed in next couple of months." said Mr. A.K. Lakhotia. Chairman & Managing Director of the Company while addressing the Company officials.