Supreme Infrastructure India has achieved the desired milestone of NHAI, being completion of 50% of the EPC work in the Panvel Indapur Road BOT Project as per the independent engineer of NHAI.

Last four months have seen a progress of around seven percent on ground. The balance EPC work would be loan financed by NHAI for which all the required formalities in this regard are completed.

NHAI has already granted the extension in the concession period by three years. The company is executing the EPC work and the balance EPC work of approximately Rs 5.59 billion would be executed by the company and it is expected to achieve full completion of the project by March 2018.

Shares of the company declined Rs 0.1, or 0.12%, to trade at Rs 85.50. The total volume of shares traded was 10,034 at the BSE (2.44 p.m., Monday).