IRB bags the first NHAI Ultra Mega Project in Highways

• The estimated construction cost is Rs.3600 Crore
• The project concession period is for 25 years
• Project is for Six Laning of Ahmedabad to Vadodra of NH- 8

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 Ahmedabad-Vadodra Section from km.6.400 to km. 108.700 of NH-8 and improvement of the existing Ahmedabad Vadodra expressway from km 0.000 to km 93.302 in the State of Gujarat under Phase V on Design, Build, Finance, Operate, Transfer DBFOT basis.

It is the first NHAI Ultra Mega project in highways. The project length is approximately 102.300 Km. IRB gets a concession period of 25 years and the company has to pay a premium of Rs.309.60 Crore for the Project to the NHAI, in the first year and will increase 5% YoY.

Commenting on this Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “With the bagging of the first Ultra Mega Project of the NHAI in highways we are poised to take a quantum jump in our execution capability. With the addition of this project our order book stands at approximately Rs.12, 000 crore.”

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 order-book. IRB has been listed on the NSE and BSE since February 25, 2008.

For further details, log onto www.irb.co.in