MBL to develop Bikaner-Suratgarh section of NH 15

MBL Infrastructures today said a consortium led by it has won a highways project from the Rajasthan government, entailing an investment of over Rs 500 crore.

The project for developing Bikaner-Suratgarh section of NH 15 to two-lanes was awarded to it by Public Works Department of Rajasthan Government.

'The project has been awarded to the consortium led by MBL Infrastructures, SREI Infrastructure being the other partner. The total cost of the project is exceeding Rs 500 crore,' the infrastructure firm said in a filing to BSE.

The project will be executed on design, build, finance, operate and transfer (DBFOT) basis, the company said adding that it is likely to be completed in two years.