IRB Infra bags NHAI's Rs 2,650-cr Agra-Etawah project

Company to get tolling rights on bypass, which is one of the three projects worth Rs 5,529 cr approved by govt last month

IRB Infrastructure Developers today said it has bagged Rs 2,650-crore Agra-Etawah Bypass project from the National Highways Authority of India (NHAI).

"The company has emerged as a preferred bidder for the project of six-laning of Agra-Etawah Bypass section of NH-2 in Uttar Pradesh under NHDP Phase V of BOT (Toll) mode," IRB Infrastructure Developers said in a BSE filing.

It further said: "The estimated project cost of the company is approximately Rs 2,650 crore... The company will get tolling rights on the Agra-Etawah Bypass section of NH-2 from the appointed date."

Last month, the government approved three highway projects with an estimated cost of Rs 5,529 crore.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the development of eight-laning of Mukarba Chowk to Panipat section of NH-1 in Delhi and Haryana.

The CCEA also okayed four-laning of the Solapur-Bijapur stretch of NH 13 in Maharashtra and Karnataka, with the cost estimated at Rs 1,537.64 crore.

The third one was the six-laning of Agra-Etawah section of NH 2 in UP.

IRB Infrastructure was trading at Rs 246.15 in the morning trade, up 1.71 per cent, from the previous close on BSE.