IRB Infra bags two Hybrid Annuity projects in Tamil Nadu

·         Projects aggregate 94.80 Kms, with total cost outlay of Rs. 3,492 Crs   

·         First projects for the Company under Hybrid Annuity space

·         Company’s Construction Order Book crosses Rs.10,000 Crs mark 

Mumbai, March 14, 2018: For the first time, IRB Infrastructure Developers Ltd (IRB), India’s leading and the largest infrastructure developers in BOT space in Roads and Highways sector has bagged two projects under Hybrid Annuity Model (HAM) in Tamil Nadu State.

The Company has been emerged as a preferred bidder for the two Tamil Nadu based projects aggregating 94.80 Kms; with cost outlay of Rs. 3,492 Crs.  


Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd., said, “Winning these two projects for the first time under Hybrid Annuity model, demonstrates high trust and confidence in our domain expertise and execution capacities.” He added, Alike BOT space, we would endeavour to leave our footprints and achieve new benchmarks in HAM space too.”     




Key highlights of the Projects are as under:
·         The projects are in Tamil Nadu, for four laning of stretch on NH 332 (earlier NH 45A)  
·         Project of four laning of 56.80 Kms stretch is from Poondiankuppam to Sattanathpuram with cost outlay of Rs.2,196 Crs
·         Project of four laning of 38 Kms is from Puducherry to Poondiankuppam with cost outlay of Rs.1,296 Crs
·         The concession will comprise 730 days for construction and 15 years Operations & Maintenance rights thereafter

Comments

Popular posts from this blog

QNet launches New Luxury Chairos Watches

गोदरेज एंड बॉयस गोदरेज लॉकिम मोटर्स द्वारा चिकित्सा उपकरण कैलिब्रेशन सेवाओं के साथ भारत के स्वास्थ्य सेवा क्षेत्र की सुरक्षा

एस्टेक लाइफ साइंसेज ने आदि गोदरेज सेंटर फॉर केमिकल रिसर्च एंड डेवलपमेंट लॉन्च किया