Punj Lloyd Infrastructure (PLIL), a Punj Lloyd Group subsidiary, received an order worth Rs 735 crore from the National Highways Authority of India (NHAI). PLIL, set up for implementing infrastructure development projects, will upgrade NH-31 from Khagaria to Purnea in Bihar to a two-lane, undivided carriageway with paved shoulders, under the National Highways Development Programme - three.

The project will work on a build-operate-transfer (BOT) annuity basis. And the scope of work will involve the design, building, finance, operation and transfer of the 140 km section of the national highway. PLIL will form a Special Purpose Vehicle (SPV), which in turn will sign a concession agreement with NHAI for 17 years. It will be entitled to semi-annual annuities of Rs 56 crore.So far, Punj Lloyd has built over 1,200 km of highways under the Programme. These highways fall under the Golden Quadrilateral and East West Corridors for NHAI. The group has also executed BOT projects in the past along with other partners.crackcrack

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