Ramky Infrastructure Ltd arm receives provisional completion certificate for J&K road project

Mumbai, Apr 20, 2018: Ramky Infrastructure Limited said its subsidiary M/s Srinagar Banihal Expressway Limited, who was awarded the project ”Rehabilitation, Strengthening and Four Laning of Srinagar to Banihal, Section of NH-1A, from 187 km to 189.350 km(Banihal By-Pass) and 220.700 km to 286.110 km on DBFOT (Annuity) Basis in Jammu & Kashmir under NHDP-Phase-II from National Highways Authority of India (NHAI)” has received ”Provisional Completion Certificate” from Independent Engineer and declared fit for entry into Commercial Operations of the Project Highway effective from March 27, 2018.

The significance of ”Provisional Completion Certificate ” would mean that the Company is now entitled to receive Annuity from NHAI as per the provisions of Concession Agreement, the company said in filing with BSE.

United News of India