IVRCL Infra gets Rs1,125-cr road project from NHAI

IVRCL Infra gets Rs1,125-cr road project from NHAI

Mumbai: IVRCL Infrastructures & Projects Monday said it has got a road project worth Rs1,125 crore from National Highways Authority of India (NHAI).

The company has got 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.

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 Rs382 crore, it added.

Shares of IVRCL were trading at Rs315.65 on the BSE, up 2.62% from previous close.