Wednesday 18 December 2013

IRB Infrastructure soars on bagging project worth Rs 1500 crore

IRB Infrastructure Developers has emerged as a preferred bidder for the project of Four Laning of Solapur to Yedeshi section of NH-211 from km 0.000 to km 100.000 (Design Length 98.717 km) in the State of Maharashtra to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV. The estimated Project Cost of the Company is approximately Rs 1500 crore, while concession period is 29 years. The Construction period is 910 Days. The company has sought Rs 189 crore as Viability Gap Funding from NHAI.

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

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