Sunil Hitech Engineers Ltd (SHEL) has acquired a highway project in Maharashtra. The project to widen a stretch on NH 211 will be implemented at a cost of Rs 982 crore.
In a filing to the BSE, the company said, “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)”.
The construction of the 67.2 km road includes 2 new ROBs, 6 underpasses, 4 major bridges, 26 minor bridges and 2 new bypasses.
SHEL further said it will be signing the concession agreement soon. The construction period for the project is 2.5 years.
The company’s 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.”
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