Malaxmi NBFA Ventures Pvt Ltd has bagged a national highways development project from National Highways Authority of India (NHAI). The order valued at Rs.300 crore is for four-laning of the Laknadon-MP/MAH Border section from km 547.40 to km 596.75 in Madhya Pradesh on BOT annuity basis. The formal concession agreement is expected to be signed in the coming weeks, according to information available from company sources.

Meanwhile, there is news of Malaxmi having been shortlisted for the elevated mass rapid transit system project in Andhra Pradesh. The company has bid for developing three sections of 59 km of  the project.

In another development, a consortium led by Malaxmi has also been shortlisted for developing a 3x120 MW coal-based power plant in Meghalaya.

(Note: ProjectsToday is in the process of obtaining further details on the above-mentioned developments. The Rs.300 crore highway development programme will feature in the Orders Bagged & Contracts Awarded section after the concession agreement is signed.)