IRB bags its first BOT project in Punjab

The estimated project cost is Rs.1200 Crores; The project concession period is for 20 years.

IRB Infrastructure Developers Limited, (BSE: 532947, NSE: IRB) has emerged as the lowest bidder for its first BOT project viz. Pathankot to Amritsar Section of NH - 15 from Km. 6.082 to Km. 108.502 in the State of Punjab under NHDP Phase IIIB on BOT basis.

Based on the DBFOT pattern, the project cost is approx. Rs 1200 crores, the project length is 102.42 Kms. IRB gets a concession period of 20 years and the company has sought a grant of Rs 126.90 Crore for the Project from NHAI. The construction period is 910 days.

Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “Emerging as the lowest bidder for our first BOT project in the State of Punjab in addition to our BOT project in the State of Goa recently, is the evidence of our ability to manage exemplary and quality work in the niche area of Highway development. Our track record of timely payments, successful and proper implementation of projects has also enabled us to bag orders across the country,” he added.

On June 17, 2009, the company has emerged as the lowest bidder for the project of four-laning of NH-4A from Goa/ Karnataka Border Km 84.00 to Panaji – Goa Km 153.070 in the State of Goa under NHDP Phase III on BOT basis which is an approximately 800 crores project based on the DBFOT pattern.

The company is already operating on a continuous stretch of 415 kms of highways from Pune to Bharuch via Mumbai, Vapi and Surat, through its projects : Mumbai-Pune BOT (NH4 of 111 kms), Dahisar- Surat BOT (NH8 of 239 kms) and Surat-Bharuch BOT(NH8 of 65 kms). This translates into 7.5 percent of the Golden Quadrilateral coming under IRB’s management, the largest holding under any single developer.

About IRB Infrastructure Developers Ltd.
IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with significant experience in the roads and highways sector. The Company is one of the largest private developers in Western India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of operational BOT projects in the roads infrastructure sector. BOT projects comprise over 95% of IRB’s Rs. 5900 crores order book.