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| IVRCL bags orders worth Rs 1,429 cr | | Hyderabad-based IVRCL group has bagged orders worth Rs 1,429.78 crore under its various subsidiary companies |
| BS Reporter / Hyderabad Feb 13, 2012, 12:18 IST |
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IVRCL Assets & Holdings Limited, a subsidiary of IVRCL, has bagged 151 km project - a four-laning of highway project from the Haryana government.
The infrastructure development project includes rehabilitation, up-gradation and widening of the existing carriageway to four-lane standards with construction of new pavement, rehabilitation of existing pavement, construction of bridges, drains, etc.
The concession period for the Rs 1,201.70-crore project is 20 years, and the construction period is 30 months. The toll project would be executed on design, build, finance, operate and transfer (DBFOT) pattern. The project corridor serves as major interstate south north connectivity between Rajasthan, Gujarat, Maharashtra, Punjab, Himachal Pradesh and Jammu & Kashmir.
It was the second road project has been bagged by IVRCL within a month, the company stated in a press release on Monday.
This apart, the company's transportation division has bagged Rs 71.92 crore order from Rail Vikas Nigam Limited for construction of roadbed, major and minor bridges, track linking and general electrical work between Swarupganj-Abu road section of Ajmer division of north western railway in Rajasthan.
Also, its building division has bagged Rs 45.10 crore project from the Union ministry of health and family welfare for six AIIMS - package IV (estate services) at AIIMS, Bhopal.
The company's water division bagged multiple orders worth Rs 111.06 crore from Tamil Nadu Water Supply And Drainage Board, Patna, from the Kerala Water Authority of the Kerala government and from NTPC Limited, the release added.
The company's scrip is currently trading at Rs 57.75 on BSE, up 1.94%, over the previous close of Rs 56.65.
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