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IRB Infrastructure Developers bags Rs 2650 crore in State of Uttar Pradesh

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Capital Market

From NHAI for Agra-Etawah Bypass

IRB Infrastructure Developers announced that it has emerged as a preferred bidder for the project of six laning of Agra-Etawah Bypass section of NH-2 (from km 199.60 to km 323.525) in the State of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode (the project). The project is on DBFOT pattern. The estimated project cost of the Company is approximately Rs 2650 crore. The concession period of the project is 24 years. Construction period is 910 days. The Company will get tolling rights on Agra-Etwah Bypass section of NH-2 from the appointed date. The Company has offered premium of Rs 81 crore to NHAI, which will increase by 5%YoY.

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First Published: May 21 2015 | 11:41 AM IST

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