Sadbhav Engineering today said it has achieved commercial operation of the Rs 1,220 crore highways project in Haryana pertaining to widening of the Rohtak—Panipat stretch.
“Rohtak—Panipat Tollway Pvt Ltd (RPTPL), a special purpose vehicle (SPV) promoted by the Company has achieved Commercial Operational Date (COD) as on January 06, 2014 for the entire length of Project Highway i.e. from Km 0 to 80.85,” Sadbhav Engineering said in a filing to the BSE.
The project involved four—laning of Rohtak to Panipat section of NH—71 A in Haryana on design, build, finance, operate and transfer basis under National Highways Development Project phase III.
“Accordingly, RPTPL has been expected to collect the toll from January 9. The Concession period is 25 years from the appointed date. Estimated Cost of the Project is Rs 1,220 crores,” the company said.
The shares of the company closed at Rs 91.25 apiece, up 0.77 per cent from the previous close, on BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.