Construction engineering firm IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a submitting by the corporate, the project size is 90.90 km and would value round Rs 2,132 crore.
The upgradation of the highway will likely be performed on a build-operate-transfer (BOT) mode, the corporate stated. Under the BOT mode, a non-public firm performs an lively function because it develops the infrastructure, operates it and maintains it for a specified variety of years.
The concession interval for the project can be 20 years from the appointed date together with 2 years of the development interval.
With the newest order, the corporate’s order e-book stands revised to approx Rs 20,892 crore. This features a development order e-book of Rs 9,714 crore.
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Meanwhile, shares of IRB Infra traded in the inexperienced, quoting Rs 30 apiece on NSE.Â
The Mumbai headquartered firm just lately cut up its fairness shares bearing a face worth of Rs 10 every in the ratio of 10:1.
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