IRB Infra bags Rs 2,100 crore project from NHAI

Toll road firm IRB Infrastructure Developers today said it has bagged a contract worth Rs 2,100 crore from NHAI for a six-laning project in Rajasthan and Gujarat.
"IRB has emerged as a preferred bidder for the project of six laning from Udaipur to Rajasthan/ Gujarat border on section of NH-8 in Rajasthan and Gujarat," the company said in a statement issued here.
The Rs 2,100 crore project is to be developed on design, built, finance, operate and transfer (DBFOT) under the National Highways Development Programme (NHDP) phase V.
The concession period for the project is 21 years including construction period of 910 days, the statement said.

"Subject to award, IRB's construction order book will stand to increase to around Rs 10,000 crore, to be executed in the next four years. This will boost the company's construction order book visibility for next three to four year," IRB said.
With this project, the company will have 21 build-operate-transfer (BOT) road projects, out of which 13 projects are under operation.