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IVRCL’s arm bags order worth Rs 1300 crore

30 Jan 2012 Evaluate

IVRCL Assets & Holding, a subsidiary of IVRCL has bagged project worth Rs 1300 crore from National Highway Authority of India (NHAI) for 4/6 laning of Raipur-Bilaspur section of NH-200 (km 0.00 to km 126.525) in the state of Chhattisgarh to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase IV.

The scope of contract includes widening and strengthening the existing two lane highway to six / four lane highway standards. The concession period is 25 years including the construction period of 30 months. The estimated total project cost is about 1300 crore and the average PCU as of today is around 18,600.

Raipur-Bilaspur NH-200 is a part of India’s largest road network which connects Raipur in Chhattisgarh to Chandikhole in Orissa passing through industrially developing places like Bilaspur, Raigarh and Jarsuguda. The Chhattisgarh state has adequate resources and rich in minerals like iron ore, lime stone, dolomite, coal and bauxite which will be major raw materials for the production of steel, cement and power requirements of the country.

Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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