Lanco Infratech bags UP road project

Lanco Infratech on Thursday said it had emerged as successful bidder for two-laning of Aligarh to Kanpur section of NH 91 from 140 km to 418.16 km on toll basis of National Highway Authorities of India (NHAI).

The project involves two-laning with paved shoulders of existing road, repair, widening and reconstruction of 3 major and 29 minor bridges, construction of 5 new rail over-bridges, 4 toll plazas and other wayside amenities, the company said.

The concession period for the project is 12 years including a construction period of 18 months, Lanco Infratech said.

The shares had surged int he mrning with a day's high of Rs 63. It was trading at Rs 62.5 down 1 per cent around 3 pm.