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| Exchange Received Time 10/04/2017 13:33:14 Exchange Disseminated Time 10/04/2017 13:33:18 Time Taken 00:00:04 | | we are pleased to inform the investors and the exchanges as under: 1. The Company has achieved the desired milestone of NHAI being completion of fifty percent of the EPC work in the Panvel Indapur Road BOT Project as per the independent engineer of NHAI. Last four months have seen a progress of around seven percent on ground. Having achieved the milestone, the balance EPC work would be loan financed by NHAI for which all the required formalities in this regard is completed. NHAI has already granted the extension in the concession period by three years. The Company is executing the EPC work and the balance EPC work of appx. Rs. 559 Cr. would be executed by the Company and it is expected to achieve full completion of the project by March 2018. 2. The Company has completed construction of one way flyover at Mankoli Junction on NH-3 Thane - Nashik road. The flyover was inaugurated by Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis on 8th April, 2017. |
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