Sadbhav Infrastructure Project receives extension of concession period for toll project in Maharashtra

Sadbhav Infrastructure Project announced that Aurangabad Jalna Toll Way (AJTL), a Wholly Owned subsidiary of the Company, has received extension in the concession period of 7 years 8 months and 7 days from Government of Maharashtra. Original Concession Period of 23 years and 6 months has been extended to 31 years, 2 months and 7 days and accordingly, Concession Period will now end on 7 April, 2038.

Extension in concession period is in relation to additional works, escalation in bitumen prices, changes in SBI PLR rate in line with various clauses of the Concession Agreement dated 20 December, 2006.

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