MBL Infra bags Rs 2,126-crore road projects; shares up over 3%

Construction firm MBL Infrastructures has bagged road development projects worth Rs 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.

"MBL Infrastructures Ltd has been awarded the following projects on DBFOT (Design-Build-Finance-Operate-Transfer) Hybrid Annuity basis by the National Highways Authority of India (NHAI)...worth Rs 2,126 crore," the company said in a regulatory filing.

First project is worth Rs 942 crore for the four-laning of Chutmalpur-Ganeshpur section of NH-72A from 0 km to 16 km and Roorkee-Chutmalpur-Gagalheri section of NH-73 from 0 km to 33 km in the state of Uttarakhand and Uttar Pradesh under NHDP-IV.

The second project is worth Rs 1,184 crore for the four landing of Gagalheri-Saharanpur-Yamunanagar section of NH-73 from 33 km to 71.64 km state of Uttar Pradesh under NHDP-IV.

The construction period is 730 days for both the projects.

The shares of MBL Infrastructures were trading 3.12% up at Rs 158.70 apiece on BSE.