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Update on Bid submitted to National Highways Authority of India
for Rehabilitation, Strengthening and Four Laning of Udhampur to
Ramban Section of NH-1A, from Km 67.00 to Km 89.00 and Km 130.00
to Km 151.00 on BOT (Annuity) basis on DBFO Pattern, in the State
of Jammu & Kashmir Project
The Company had submitted its Bid with the National Highways Authority
of India ("NHAI") for Rehabilitation, Strengthening and
Four Laning of Udhampur to Ramban Section of NH-1A, from Km 67.00
to Km 89.00 and Km 130.00 to Km 151.00 on Design, Build, Finance
& Operation basis in the State of Jammu & Kashmir (the "Project").
The Project is on Annuity basis with a concession period of 20 years
including construction period of 3 years and the estimated cost
of the Project is Rs. 971 Crores.
We would like to inform you that the bids were opened today by
NHAI and the Company has emerged as the Lowest Bidder for the
aforesaid Project. The Company has quoted a semi-annual Annuity
of Rs. 131 Crores for Project. |
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