Hazoor Multi Projects on November 23 said the company received orders worth Rs 1,130 crore to upgrade and rehabilitate a section on NH-66 in Ratnagiri.
“We are pleased to inform that through endorsement agreement, work has been endorsed to M/s Hazoor Infra Projects Private Limited (a wholly owned Subsidiary Company & New Concessionaire) received from Arawali Kante Multi Projects Private Limited (Substituted Concessionaire) and authorized by The Ministry of Road Transport & Highways for Rehabilitation and up-gradation of NH-66 (old NH-17) from Km 241/300 to Km 281/300 (Arawali to Kante section) to four lanes in the State of Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district,” the company said in a release.
The projected value of the project is approx Rs 1,129.81 crore with annuities at Rs 523 crore, interest on annuities at Rs 463 crore, and operation and maintenance costs at Rs 143 crore.
Earlier in the day, shares of the company ended the day at Rs 137.95, up 0.25 percent.
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