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IRB Infra bags two road projects from NHAI in Tamil Nadu

Press Trust of India  |  New Delhi 

Developers Ltd today said it has won two road projects worth Rs 3,465 crore from state-run NHAI.

The projects in are to be built on hybrid annuity mode, the company said.

The company in consortium with Modern Road Makers Private Ltd, a wholly-owned subsidiary of the company, has emerged as a preferred bidder for two hybrid annuity projects under NHDP Phase IV in the state of Tamil Nadu, Developers Ltd said in a filing to the BSE.

The work includes four-laning of Poodiankuppam- Sattanathapuram section of NH-45A and four-laning of Puducherry-Poondiyankuppam section of NH-45A (new NH-332), the company said.

Shares of the company dropped by 0.28 per cent to close at Rs 215.95 on BSE today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 19:40 IST