Manglam Infra Secures Contract from MORTH for Upgradation of NH-66 in Maharashtra
Manglam Infra & Engineering Limited has secured a consultancy services contract from the Ministry of Road Transport & Highways (MORTH) concerning the Operation and Maintenance of crucial road works in Maharashtra. The contract, which is set to run for 36 months, involves providing Independent Engineer services for the rehabilitation and up-gradation of specified sections of NH-66.The total contract price awarded to Manglam Infra & Engineering Limited amounts to Rs. 4,98,45,600/-.
The project encompasses two major sections of National Highway 66 (NH-66). The first section involves the Rehabilitation and Up-gradation of NH-66 (formerly NH-17) from Km 367/200 to Km 406/030, designated as the TalgaonKalmath Section. This work entails upgrading the road to four lanes with paved shoulders.
The second section slated under the contract is the Rehabilitation and up-gradation of NH-66 (Old NH 17) covering the stretch from Km 406/030 to Km 450/170, known as the Kalmath to Zarap Section. This project also requires upgrading the highway to four lanes with paved shoulders.
The contract details, awarded by the Ministry of Road Transport & Highways through its Regional Office in Maharashtra, are summarized below:
| Detail | Description |
|---|---|
| Awarding Entity | Ministry of Road Transport & Highways (MORTH) |
| Nature of Contract | Consultancy Services for Independent Engineer services during Operation and Maintenance |
| Project Duration | 36 Months |
| Total Consideration | Rs. 4,98,45,600/- |
| Type of Entity | Domestic |
| Related Party Status | The contract does not involve related party transactions and there is no interest of the promoter group in the awarding entity. |
MIEL Stock Price Movement
On Thursday, Manglam Infra & Engineering Limited shares gained 0.75% to settle at ₹13.50, rising by ₹0.10. The stock traded within a tight range of ₹12.85 to ₹13.50 and recorded 6,000 shares in volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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