IVRCL bags Rs 750 cr order

Hyderabad-based infrastructure major IVRCL Infrastructures & Projects Ltd (IVRCL) has bagged orders worth Rs 750 crore for four laning and improvement of Karanji-Wani-Ghuggus - Chandrapur Road Maharashtra State Highway - 6&7 in Yavatmal and Chandrapur district on DBFOT basis.

The state government shall provide a viability gap funding of Rs 231.84 crore.

The project has a fixed concession of 30 years including construction period from the appointed date. The project construction is slated to be completed within 24 months and would cater to the fast growing mining traffic in this important State Highway of Maharashtra.

The project is being developed by its subsidiary IVRCL Assets & Holdings Ltd, an infrastructure development company and IVRCL shall implement the construction work.

IVRCL Group is a premier construction and infrastructure development group with presence in water, roads, power, oil & gas and building segments. The group in addition to its EPC activities is also engaged in a number of infrastructure development projects in highways, water and environment on BOOT basis.