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Sadbhav Jodhpur Ring Road Private Ltd , a wholly-owned subsidiary of Sadbhav Infrastructure Project, has achieved financial closure within the timelines stipulated in the concession agreement. The project is for four-laning of Dangiywas in Rajasthan under NHDP Phase-VII. While the bid cost is ₹1,161 crore, the company achieved financial closure through a rupee term loan of ₹530.88 crore, payment during construction period from NHAI at ₹464.40 crore, and the company’s contribution of ₹132.72 crore. The rupee term loan tenure (from the appointed date) is 16 years and the interest rate linked to one-year MCLR of the respective banks is 9.45 per annum. Shares of Sadbhav Infrastructure closed up 3 per cent at ₹116 on the BSE.
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