Essel Infraprojects Ltd has bagged a Design, Build, Finance and Operate (D.B.F.O.) contract for construction of a 125 Km four-lane road at Lebad-Jaora stretch of State Highway 31 at Madhya Pradesh. The total project cost is Rs 729 crore.
Essel Infra successfully completed the financial closure of the project on March 19 with AXIS Bank as the lead banker. With this milestone, Essel Infra is now geared to complete the road by March 2010.
Report by: P R Joshi
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