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IRB Infrastructure Developers emerges preferred bidder for NHAI road project

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Capital Market

In State of Uttar Pradesh

IRB Infrastructure Developers has emerged as a preferred bidder for the project of Six Laning of Hapur bypass to Moradabad section including Hapur bypass from Km 50.000 (Design Ch. Km 50.000) to Km 148.277 (Design Ch. Km 149.867) of NH 24 (New NH-9) in the State of Uttar Pradesh on DBFOT basis under NHDP Phase V Project ('the Project)'.

The total cost of the project is Rs 3400 crore. The company has offered premium of Rs 31.5 crore to NHAI to be payable from 4th year from the appointed date in terms of Concession Agreement. Upon the award of this project, the company's construction order book stands at approx. Rs 15300 crore.

 

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First Published: Mar 22 2018 | 9:47 AM IST

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