MoneyWorks4Me

IRB Infrastructure Developers’ arm achieves financial closure for Tamil Nadu project

19 May 2022 Evaluate

IRB Infrastructure Developers’ wholly-owned subsidiary -- Chittoor Thachur Highway has achieved financial closure for the project of development of six laning of Chittoor-Thachur road from km. 96.040 (Pondavakkam) to km. 116.100 (Kannigaipair) on Hybrid Annuity mode under Bharatmala Pariyojana in the state of Tamil Nadu (Package-IV). NHAI bid project cost is Rs 652.49 crore and the company's bid project cost is Rs 909 crore.

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

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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