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| IRB bags Six Laning project in Karnataka |
| Announcement / Corporate May 06, 2010, 19:41 IST |
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IRB Infrastructure Developers Limited (‘IRB”), (BSE: 532947) one of the largest toll road operating companies in India has emerged as the Preferred Bidder for the Six Laning of Tumkar-Chitradurga Section from km.75.00 to km. 189.00 of NH-4 in the State of Karnataka under NHDP Phase V on BOT basis.
Based on the DBFO pattern, the project is on Premium basis and the estimated project cost is Rs 1200 crore. The project length is approximately 114 Km. IRB gets a concession period of 26 years and the company has to pay a premium of Rs.140.40 Crore for the Project to the NHAI, in the first year.
Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “We are pleased to emerge as the preferred bidder for this project. Our track record of timely payments, successful and proper implementation of projects has enabled us to bag orders across the country,” he added.
About IRB
IRB is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector and a large portfolio of completed and operational BOT projects. IRB is one of the largest private developers in India and the largest toll road operating company in India. BOT projects comprise over 99% of IRB's approximately Rs. 10,000 crore order-book. IRB has been listed on the NSE and BSE since February 25, 2008. For further details, log onto www.irb.co.in.
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