India, March 18 -- The projects have been awarded under Package 1 and Package 3, with a combined bid value of Rs 207 crore (Rs 108 crore and Rs 99 crore, respectively). Both contracts are domestic in nature.

The scope of work includes construction and development of urban street infrastructure in Ludhiana. Each project comes with an execution timeline comprising an 8-month construction period followed by a 6-year maintenance phase.

The contracts have been awarded under the Hybrid Annuity Model (HAM), a public-private partnership structure commonly used in infrastructure development.

The company clarified that neither the promoter nor promoter group entities have any interest in the awarding authority, and the contracts do not fall unde...