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IRB Infra in consortium emerges as preferred bidder for two Hybrid Annuity Projects

14 Mar 2018 Evaluate

IRB Infrastructure Developers in consortium with Modern Road Makers (wholly owned subsidiary of the company) has emerged as a preferred bidder for two Hybrid Annuity Projects under NHDP Phase IV in the state of Tamil Nadu. With addition of these projects, the company’s construction order book stands to Rs 10,000 crore to be executed in three years.

The first project is for four laning of Poondiankuppam to Sattanathapuram (Design Ch. Km. 67.000 to Km 123+800) section of NH-45A. The construction period is 730 days and Operation Period is 15 years. The second project is for four laning of Puducherry (Km. 29.000) to Poondiyankuppam (Km. 67.000) Section ofNH-45A (New NH-332). The construction period is 730 days and Operation Period is 15 years.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.


IRB Infra.&Developer Share Price

21.64 0.77 (3.69%)
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Peers
Company Name CMP
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NCC 153.05
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Kalpataru Projects 1181.65
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