Supreme Infra bags Rs 1,150 cr toll road project from NHAI

The order relates to the upgrade of a 84-km stretch of the Panvel-Indapur stretch of NH-17 in Maharashtra under Phase-III of the National Highways Development Project (NHDP), the company said in a statement.

"The above project was awarded in the SPV of Supreme Infrastructure India Ltd, incorporated with the name Supreme Panvel Indapur Tollways Private Limited," it said, adding that the company has signed an agreement with NHAI in this regard.

The concession period for the project -- which will be implemented on a build, operate, transfer (BOT) basis -- is 21 years, including a construction period of 910 days, it added.
"We are extremely happy to bag this prestigious order. The order is our first from NHAI...," said Supreme Infrastructure Director Vikas B Sharma.

The infrastructure firm has seven verticals, including railways, bridges, buildings, power, sewerage, irrigation and roads.