On account of termination of 2 BOT projects (Seoni-Katangi & Garra-Waraseoni with aggregate cost of Rs3.45bn), the Company had to write-off Rs2.20bn incurred for the projects, which resulted in a significant Rs1.8bn operational loss. However, adjusted with terminated contracts, EBITDA stood at Rs401mn (down ~15% yoy) and adjusted EBITDA margins came in at 10.8% (-87 bps yoy). MBL expects Rs21.0bn revenue as against earlier guidance of Rs29.0bn in FY17E....