IRB Infrastructure Developers today said it has emerged as the lowest bidder for a Rs 800-crore road project of the National Highway Authority of India (NHAI).     

"The company has emerged as the lowest bidder" for the highway project in Maharashtra and "has sought a grant of Rs 216 crore from NHAI," IRB Infrastructure Developers said in a filing to the Bombay Stock Exchange.     

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"The project is on grant basis with concession period of 22 years and its estimated cost is Rs 800 crore," it added.

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