IRB Infrastructure is trading higher by 4% to Rs 122 on the BSE after the company said it has been awarded an order worth around Rs 3,200 crore from National Highways Authority of India (NHAI).
The company has emerged as a preferred bidder and received letter of award from NHAI for the project of four laning of Yedeshi-Aurangabad section of NH-211 from km 100 to km 290.200 in the state of Maharashtra to be executed as BOT (Toll) on design, build, finance, operate and transfer basis (DBFOT) pattern under NHDP Phase – IV, IRB Infrastructure said in a statement.
The estimated project cost of the company is approximately Rs 3,200 crore with construction period of 910 days. The concession period for the same is 26 years, it added.
The company has emerged as a preferred bidder and received letter of award from NHAI for the project of four laning of Yedeshi-Aurangabad section of NH-211 from km 100 to km 290.200 in the state of Maharashtra to be executed as BOT (Toll) on design, build, finance, operate and transfer basis (DBFOT) pattern under NHDP Phase – IV, IRB Infrastructure said in a statement.
The estimated project cost of the company is approximately Rs 3,200 crore with construction period of 910 days. The concession period for the same is 26 years, it added.
