The DBL Tuljapur Ausa Highways SPV has been incorporated for the road project in the state of Maharashtra.
The project envisages four laning of Tuljapur - Ausa (including Tuljapur bypass) section of NH-361 from 0.000 km to 55.835 km, under NHDP Phase IV, on hybrid annuity mode. The bid project cost is Rs 911.07 crore.
Shrem Infraventure will invest 49 percent stake in the equity share capital in the SPV and Dilip Buildcon will hold the remaining 51 percent stake.
On completion of two years from the commercial operation date of the road project, Shrem Infraventure will acquire the entire stake in the SPV and the company will hand over the project to Shrem Infraventure for operation.