IVRCL bags new orders worth Rs. 2,228 crore

23 Sep 2011

Infrastructuremajor IVRCL has bagged new orders worth Rs 2,228.94 crore, including a highwayupgrade contract in Arunachal Pradesh from the Road Transport Ministry valuedat Rs 1,486 crore. Besides its road division, IVRCL's power, buildings,transportation, water and mining divisions won contracts worth another Rs.742.94 crore. TheMinistry of Road Transport and Highways has awarded a project for widening of311 km of trans-Arunachal highways to the IVRCL consortium. The ministry shall provide cash support of Rs. 1,004crore to the concessionaire to implement the project. The order involvesconstruction of 52.60 km of realignments, 49 intersections, two major and 30minor bridges and 1,707 culverts. The concession period for the project, whichwill be implemented on a design, build, finance, operate and transfer (DBFOT)basis, is 17 years.

The project isbeing implemented jointly between IVRCL Assets and Holdings Ltd (IVRCL A&H)and Sushee Infra Private Ltd by incorporating an SPV company, wherein IVRCLA&H and IVRCL Ltd will undertake construction work on the proposed road. Meanwhile,the company's power division won a Rs 108.44 crore project for supply ofmaterials for Haldia Energy Ltd's 400 KV D/C Haldia-Subhashgram transmissionline project. Its buildings division won projects worth Rs. 234.87 crore,including one from GAIL for construction of a raw water and fire waterreservoir. In addition, IVRCL's transportation division won contracts worth Rs.104.65 crore, the water division bagged projects valued at Rs. 263.30 crore andthe mining division won a Rs. 31.68 crore project.

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