· Project is for Six Laning from Udaipur to Rajasthan/ Gujarat Border of around 113 kms
· IRB has offered Premium of Rs. 163.8 Crores to NHAI.
•Subject to award, Construction order book will stand to increase to Rs. 10,000 crore
MUMBAI, July 31, 2016: IRB Infrastructure Developers Ltd (IRB), one of the largest BOT road developers in India, announced that it has emerged as a preferred bidder for the project of Six Laning from Udaipur to Rajasthan/ Gujarat Border i.e. from km 287.400 to km 401.200 section of NH-8 in the states of Rajasthan & Gujarat (approx. length 113.800 km) on DBFOT (Toll) under NHDP Phase V (package-V) (“the Project)”.
The estimated project cost of the company is approximately Rs. 2,100 crores with the concession period for the same is 21 years including construction period of 910 days.
Subject to award, IRB’s construction order book will stand to increase to approximately Rs. 10,000 crores, to be executed in the next four years. This will boost the Company’s construction order book visibility for next three to four year.
About IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Ltd (IRB) is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector. The company is one of the largest private developers in India. Subject to award of this project, the company will have 21 Road BOT Projects out of which 13 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