Company is a special purpose vehicle which was incorporated on April 26, 2018, for the purpose of 4 (four) laning of Akkalkot – Solapur section of NH-150E with paved shoulders from design chainage km. 99.400 to km. 138.352/existing chainage from km. 102.819 to km. 141.800 (design length 38.952 km.) including Akkalkot bypass (design length 7.350 km.) in the state of Maharashtra on Hybrid Annuity Mode in accordance with the terms and conditions of the Concession Agreement dated June 20, 2018 entered between the Company and NHAI to record the terms and conditions and inter se rights and obligations of the Company and NHAI in relation to the concession.