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Punj Lloyd said its subsidiary Punj Lloyd Infrastructure has bagged a National Highways Authority of India contract to upgrade a 140-km stretch of NH-31 from Khagaria to Purnea in Bihar to a two-lane carriageway on build-operate-and-transfer basis. The programme is under the National Highways Development Programme – III. The concession period is 17 years and Punj Lloyd is entitled to Rs 56 crore in annuities.
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