IVRCL Assets & Holdings, a subsidiary of IVRCL Group, has bagged the mandate to develop two road projects in Andhra Pradesh and Punjab, respectively worth about Rs 4,081 crore. The first road order involves six-laning of Gundugolonu-Rajahmundry highway project of National Highway 5 and the second is for four-laning of Patiala-Bhatinda highway project of National Highway 64.
The company is presently engaged in the business of urban infrastructure development. It is a real estate development company focusing on integrated townships, residential developments and commercial projects, including hotels, retail malls, information technology (IT) parks and other projects in various parts of India. During the fiscal year ended March 31, 2008, the company’s business was only within India.