In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the National Highways Authority of India has declared the Company as the selected bidder for 4-Laning of the Lucknow - Sultanpur section of NH-56 from 11.500 km to 134.700 km in the State of Uttar Pradesh under NHDP Phase – IV on a hybrid annuity basis at a Project cost of Rs. 2,016.0 crores and the first year O&M cost of Rs. 5.00 crores (the “Project”).
We undertake to update you in case of any further developments in relation to the Project, including incorporation of a subsidiary for the Project and entering into a concession agreement pursuant to the terms of the letter of award.
Further, as per Company's Code of conduct of Prevention of insider trading pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, as amended, the trading window for dealing in the securities of the Company by its designated employees, directors and promoters shall be closed from August 18, 2016 to August 20, 2016 (both days inclusive).