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| Exchange Received Time 22/05/2017 20:49:08 Exchange Disseminated Time 22/05/2017 20:49:14 Time Taken 00:00:06 | | We wish to inform that MEP Sanjose Mahuva Kagavadar Road Pvt Ltd (MEPMK) a Subsidiary Co of our Co.,had entered into Concession Agmt with The National Highways Authority of India (NHAI)dtd 09/08/2016 for Four Laning of Mahuva to Kagavadar of NH-8E from km100.100tokm139.915(designchainagefrom km100.450 to km140.470)(PackageIII)in Gujarat on HAM under NHDP PhaseIV.Key highlightsare:(i)Construction Period:2.5yrs from Appointed Date(ii)Concession Period:15 yrs(excluding Construction Period of 2.5 yrs)(iii)The Co will receive Bi-Annual Annuity from NHAI post Comm Operation Date(COD).(iv)The Bid project cost is 604.68Crs out of which Project finance will contribute Rs.272.11 Crs and remaining will be funded by grant from NHAI and equity contri by the Co.MEPMK had achieved the Financial Closure in terms of Concession Agmt executed with NHAI,by tying up of Project Finance of Rs.272.11Crs on 31/03/2017.NHAI now has given 15/05/2017 as the Appointed Date for the project vide ltr dtd 22/05/2017. |
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