Ramky Infrastructure has signed concession agreement with National Highways Authority of India worth INR 10.33 billion. The concession period for the project is 25 years including the construction period of 910 days.

The company was awarded the road project by National Highways Authority of India to undertake Four Laning of Hospet - Chitradurga section of NH 13 from KM 299 to KM 418.60 in the State of Karnataka under National Highways Development Project Phase Mi on Design, Build, Finance, Operate and Transfer basis in BOT (Toll) [Project].

The company has formed a Special Purpose Vehicle in the name of Hospet Chitradurga Tollways to undertake the above project.

The Concessionaire Company viz Hospet Chitradurga Tollways has signed the concession agreement with National Highways Authority of India for undertaking the above project.

(Sourced from IRIS.com)