Team News Riveting
Mumbai, August 8
The shareholder of MBL Infrastructures Ltd took stock of affairs of the Company at the 26th Annual General Meeting (ACM) held on Saturday, 7th August 202l and inter-alia, approved raising of funds upto Rs 300 crore.
MBL Infrastructures Ltd. (MBL) is engaged in the execution of civil engineering projects in various business segments namely: Highways (EPC, BOT, O&M), Building, Housing & Urban Infrastructure, Railways/Metro and Other Infrastructure. MBL provides integrated engineering, procurement and construction (EPC) services for civil construction and infrastructure sector projects. MBL has witnessed a continuous growth in bid capacity and pre-qualification capability.
“With the completion of several public interest projects post approval of Resolution Plan under IBC,2016, with enhanced bid capacity, the Company shall endeavour to win 4-5 large ticket size projects. With the support of all the stakeholders, the approval of fund raising upto Rs 300 crore, with impetus of the Government on the infrastructure sector, the Company is now poised to be in the growth trajectory,” said Surender Aggarwal, Executive Director, D S Negi, CFO and Anubhav Maheshwari, Company Secretary while addressing the company officials on the outcome of the ACM.
MBL has two operational BOT projects that include Suratgarh-Bikaner National Highway Project in the state of Rajasthan in which MBL has investment of Rs l85 crore and where the commercial operations of toll collection for 96.54 per cent of its 172.384 kms of the Project and Waraseoni-Lalbarra Road
in the state of Madhya Pradesh where toll is being collected and semi-annual Annuity is being released by MPRDC since August 3, 2015.
