IRB Infra bags order worth Rs 10,050 crore

IRB Infrastructure Developers has received Rs 10,050 crore road project in Jammu and Kashmir. The project involves construction of a tunnel spanning a length of 14.08 kilometers. The company will receive semi-annual annuity of Rs 981 crore after the completion of construction of the project.

The concession period of the project is 22 years including construction period of 7 years and the company will receive semi-annual annuity of Rs 981 crore from the Ministry of Road Transport & Highways after completion of construction of the project.

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