IL&FS acquires Rs 175 cr road project in MP

IL&FS acquires Rs 175 cr road project in MP

IL&FS Engineering Services has announced that its joint venture firm has won a Rs 175.48 crore highway contract from Madhya Pradesh Road Development Corporation (MPRDC).

It said in a statement: “The Joint Venture comprising IL&FS Engineering and Construction Company Ltd and IL&FS Transportation Networks Ltd in the ratio of 49:51 (Joint Venture) has received LOA (letter of award) for package no P-2 from MPRDC worth Rs 175.48 crore.”

The scope of work includes widening and reconstruction of Ganj-Rajnagar Road, Laundi-Mahoba Road, Nawgong Shrinagar Road & Baxwaha Dalpatpur Road and is being funded by New Development Bank under Madhya Pradesh Major District Roads Upgradation Project (MPMDRUP), the company said.

It added that the completion schedule of the works is 20 months.

Image Credit : im.hunt.in