Pratibha Industries has secured a built-operate-transfer (BOT) project on annuity basis from National Highway Authority of India (NHAI). The project involves two laning with paved shoulders of Bhopal–Sanchi section of national highway (NH)-86 for 53.7km under National Highway Development Programme (NHDP) phase III. The project is in joint venture with Abhyudaya Housing and Construction Pvt Ltd. The construction period is two years and the payment shall be through semi-annual annuities of Rs12.95 crore for 13 years totaling to
Rs336.7 crore. This is the first BOT project bagged by the company from NHAI. Though a small-ticket project, it will help the company bid for bigger projects in future. Further, the project-win fits in well with the company’s strategy of diversifying its business model...

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Source: Dalal Street Investment Journal
Dalal Street Investment Journal