A B Infrabuild Limited Receives Letter of Acceptance for ₹62.94 Crore NHAI Project
A B Infrabuild Limited has received formal letter of acceptance from NHAI for a ₹62.94 crore infrastructure project involving construction of 3 Vehicle Underpasses on NH-16 in Odisha. The EPC mode project at Puintola to Ichchapuram section has an 18-month timeline and strengthens the company's highway construction portfolio.

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A B Infrabuild Limited has received a letter of acceptance from the National Highways Authority of India (NHAI) for a significant infrastructure project worth ₹62.94 crore. The company formally intimated stock exchanges about this development under Regulation 30 of SEBI (LODR) Regulations, 2015, marking another milestone in its highway construction portfolio.
Project Specifications and Contract Details
The approved project involves the construction of critical infrastructure along National Highway-16 in Odisha. The comprehensive project parameters are detailed below:
| Parameter: | Details |
|---|---|
| Contract Value: | ₹62,94,04,813.35 |
| Awarding Authority: | National Highways Authority of India |
| Project Type: | Construction of 3 VUPs (Vehicle Underpasses) |
| Location: | Km 430+380, NH-16, Odisha |
| Specific Areas: | Near college square and DRDA square |
| Highway Section: | Puintola to Ichchapuram section |
| Execution Mode: | EPC (Engineering, Procurement, Construction) |
| Timeline: | 18 Months |
Infrastructure Development Scope
The project encompasses the construction of three Vehicle Underpasses (VUPs) at kilometer 430+380 along with approaches and service roads. The infrastructure development is strategically located near college square and DRDA square in the Puintola to Ichchapuram section of NH-16 in Odisha. This EPC mode project will enhance traffic flow and connectivity along one of India's major highway corridors.
Regulatory Compliance and Documentation
A B Infrabuild Limited has fulfilled all regulatory requirements by submitting the necessary documentation to stock exchanges. The company provided a detailed declaration as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The contract terms include performance security clauses as per tender documents, with no related party transactions involved in this domestic entity award.
Strategic Business Impact
This NHAI contract award strengthens A B Infrabuild Limited's position in the infrastructure construction sector, adding substantial value to its project portfolio. The 18-month execution timeline demonstrates the company's capability to handle complex highway infrastructure projects while maintaining its established relationship with major government authorities in infrastructure development.
Historical Stock Returns for AB Infrabuild
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -15.18% | -3.39% | -12.44% | +141.59% | +165.56% |
























