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IL&FS Engineering Services has formed a Special Purpose Vehicle (SPV) Brindavan Infrastructure Company Limited (BITL) along with Nagarjuna Construction Company Ltd. (NCC) and KMC Constructions Limited (KMC) to implement the four-laning of Bangalore – Mysore State Highway (NH 17), Bangalore – Maddur Package on Build-Operate-Transfer (BOT) located in Bangalore for a 10-year Concession Period. This is an annuity based project. |
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The estimated cost of the project is Rs. 247.50 crores. This annuity based project's Financial Closure was in April, 2004 and became operational from April, 2006. |
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