- Project is for Six Laning of Agra-Etawah Bypass Section of NH-2 in Uttar Pradesh
- IRB has offered premium of Rs. 81 Crores to NHAI, which will increase by 5% YoY
- IRB expands its base in 8th state viz. Uttar Pradesh
- Construction order book increased to Rs. 10,770 crore
, July 7, 2015: IRB Infrastructure Developers Ltd, one of the largest BOT road developers in India, announced that it has now received Letter of Award from NHAI for the project of Six Laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode (“the Project)”.
The estimated project cost of the company is approximately Rs. 2650 crores with construction period of 910 days. The concession period for the same is 24 years.
This Project will expand the Company’s base in 8th state viz. Uttar Pradesh and thereby it will aid the Company’s geographic diversification of projects.
With this Project, IRB’s construction order book increased to Rs. 10,770 crores, to be executed in the next three to four years. This will boost the Company’s visibility for next three to four year.
IRB is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector. IRB is one of the largest private developers in India with 23 Road BOT Projects out of which 17 Projects are under operation. IRB has been listed on the NSE and BSE since February 25, 2008. For further details, log onto www.irb.co.in