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IRB Infra bags Rs 2,300-cr Kaithal-Rajasthan project

The Hindu BusinessLine:  May, 2014

Mumbai: IRB Infrastructure Developers Ltd has emerged as a selected bidder for the four-laning of Kaithal-Rajasthan border section of NH-152/65 in Haryana. The project increases the company’s construction order book to Rs 10,600 crore from Rs 8,600 crore.

The company said that it has emerged as a selected bidder and received the Letter of Award from the National Highways Authority of India (NHAI) for the project. The estimated project cost of the company is approximately Rs 2,300 crore with a construction period of 910 days, it said in a statement.

This project will expand the company’s base in seventh state, it added.

Shares of IRB Infrastructure Developers were up 3.54 per cent at Rs 119.95 a share on the BSE.