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IL&FS has received Rs 175 cr road project in Madhya Pradesh.
It has said that its JV firm has got a Rs 175.48 crore highway contract from Madhya Pradesh Road Development Corporation (MPRDC).
The company has said in a statement that “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 work scope does include 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 has said that the completion schedule of the works is 20 months.
