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Hyderabad, July 16

Two special purpose vehicles of Lanco, Hoskote Highways Pvt Ltd and Devihalli Highways Pvt Ltd, bagged contracts worth Rs 1,006 crore for construction and operation of two toll road projects in Karnataka. The projects were 81 km Bangalore-Hoskote-Mudbagal stretch on National Highway No 4 and 82 km Neelamangla – Devihalli stretch on NH 48. The concession periods were 20 and 25 years for the two projects respectively, according to a release. —

Our Bureau

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