IRB Infra emerges as a preferred bidder for 6 projects
DSIJ Intelligence / 21 Sep 2016
IRB Infrastructure, India’s leading and largest Build Operate Transfer (BOT) road developer will certainly be the hot pick in September 21's trade. The company has emerged as a preferred bidder for the six laning projects from Kishangarh - Udaipur - Ahmedabad section of around 125 Kms in the State of Rajasthan.
IRB Infrastructure, India’s leading and largest Build Operate Transfer (BOT) road developer will certainly be the hot pick in September 21's trade. The company has emerged as a preferred bidder for the six laning projects from Kishangarh - Udaipur - Ahmedabad section of around 125 Kms in the State of Rajasthan. The company on September 20 post market hours informed the bourses that section of NH-79 will be from km 90.00, near Gulabpura to km 214.870 at the end of Chitorgarh bypass.
On the other hand, the concession period of the project is 20 years including construction period of 910 days. Company will get tolling rights on this project from the appointed date.The Company has offered premium of Rs. 228.60 crore to NHAI in terms of the concession agreement. Upon award of this project, IRB's construction order book will stand to increase to approximately Rs. 11,300 crores, to be executed in the next four years. This will boost the company's construction order book visibility for the next three to four years.
IRB Infrastructure is an integrated development and construction company in India with a significant experience in toll roads and highways sector. It is also one of the largest private developers in India.
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