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Sangam India will operate two toll stations at Chirle and Karanjade near Mumbai
Sangam (India) said it has bagged a contract worth Rs63 crore from National Highways Authority of India (NHAI) for toll road collection at Panvel, in Mumbai.
“Sangam (India)... has bagged a project worth Rs63 crore from NHAI for toll road collection at Panvel, JNPT section of NH 4B,” the company said in a filing to the BSE. The company said it will operate two toll stations at Chirle and Karanjade.
Sangam Group is also one of the largest manufacturers of polyester viscose dyed yarn in the country.
In the late afternoon, Sangam (India) was trading at around Rs35.50 per share on the Bombay Stock Exchange, 1.66% down from the previous close.