MBL Infrastructure bags over Rs 100 crore road project in Madhya Pradesh

NEW DELHI: MBL Infrastructure today said it has bagged Rs 100 crore project from Madhya Pradesh government for developing a 47 km stretch in the state.

"MBL Infrastructure has been awarded the project of developing a 46.98 km road from Garra-Waraseoni upto Maharashtra border in Madhya Pradesh by Madhya Pradesh Road Development Corporation (MRPDC)," the company said in a statement.

The MRPDC will pay an annuity of Rs 8.15 crore every six month and MBL will have the right to collect toll from road users for 15 years, the statement said.

It added that the project cost is over Rs 100 crore and will be executed through a wholly owned subsidiary of the company.