IRB Infrastructure Bags 6-Laning Highway Project On Rajasthan-Gujarat Border
Another national highway project in IRB’s kitty.
IRB Infrastructure Developers Ltd. on Monday received a letter of award from state-run National Highways Authority of India for six-laning of highways sections in the Rajasthan-Gujarat border.
The project awarded by the National Highways Authority of India (NHAI) is a 113.8-kilometre long stretch on the NH-8 under the design, build, finance, operate, and transfer (DBFOT) basis under National Highways Development Project’s Phase V (package-V), IRB Infrastructure said in a regulatory filing on the Bombay Stock Exchange.
The estimated cost of the project for the company is Rs 2,100 crore with a concession period of 21 years, which also includes a construction period of 910 days.
The company has offered a premium of Rs 163.8 crore to NHAI, according to the release.
With the addition of this project, the company’s order book stands at roughly Rs 13,000 crore, which would be executed over the next four years.
