IVRCL Infrastructures & Projects today said it has bagged a road project worth Rs 1,125 crore from National Highways Authority of India (NHAI).
The company has bagged the contract from NHAI for six-laning and four-laning of stretches on NH-47 in Tamil Nadu, IVRCL said in a filing to the Bombay Stock Exchange (BSE).
The scope of the work includes design, build, finance, operate and transfer of 54.775 kms of road, the filing said.
The concession period of the project is 27 years, which includes construction period of 30 months, it said.
Meanwhile, in a separate filing to the BSE, the company said it has achieved financial tie-up for the four-laning of the Baramati-Phaltan road project in Maharashtra.
The cost of the Maharashtra road project is estimated at Rs 382 crore, it added.
Shares of IVRCL were trading at Rs 315.65 on the BSE, up 2.62 per cent from previous close.
