Sunil Hitech Engineers Ltd (SHEL) has won a Rs 982 crore highway project in Maharashtra to widen a stretch on NH 211.
The National Highways Authority of India (NHAI) has given the work for constructing and widening "the existing 2-lane Bodhre to Dhule road section of NH-211 to four/six lane in Maharashtra for a bid project cost of Rs 982 crore on Hybrid annuity Model (HAM)", SHEL said in a BSE filing today.
The construction of the 67.2 km road includes 2 new ROBs, 6 underpasses, 4 major bridges, 26 minor bridges and 2 new bypasses.
The company said it will be signing the concession agreement soon. The construction period for the project is 2.5 years.
SHEL Managing Director Sunil Gutte said: "This is amongst one of the major projects awarded to the company in the road sector and is in line with the company's vision to be a major player in the road sector.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
