MBL Infra's arm secures loan for highway project

May 2013

Suratgarh Bikaner Toll Road Company, which is a subsidiary of MBL Infrastructures, achieved financial closure for two laning of Bikaner-Suratgarh section in national highway (NH)-15 in Rajasthan.

The company would execute the project on design, build, finance, operate and transfer (DBFOT) basis.

A consortium of five public sector banks agreed to provide debt for the project. MBL Infrastructure has both engineering, procurement and construction and build-operate-transfer projects. It also has three toll projects of which one is already operational.

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