IRB Infrastructure Developers has emerged as a preferred bidder for the construction of six lanes of 20.060 Kms Pondavakkam to Kannigaipair stretch on the upcoming Chittoor - Thachur Highway in the State of Tamil Nadu at the cost outlay of Rs 909 crore.
The project is under Package-IV and is part of India's ambitious 'Bharatmala Pariyojana. This is the fourth Hybrid Annuity project for Company after two in Gujarat and one in Himachal Project. The concession will comprise 730 days for construction and 15 years Operations & Maintenance rights thereafter. Upon award of this project, company's Order Book will stand at Rs 14,189 crore. With this, company's aggregate strength of Hybrid Annuity portfolio will be of approximately 640 lane kms with cost outlay of over Rs 5,500 crore.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
Company Name | CMP |
---|---|
Larsen & Toubro | 3519.25 |
Rail Vikas Nigam | 258.65 |
KEC International | 693.50 |
Kalpataru Projects | 1200.45 |
NCC | 243.50 |
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