IRB Infra on the "green" road

IRB Infra, intra day rose to Rs.197, up 3% and it continues to remain firmly in the green.

This Mumbai based road developer announced that it has emerged as a ‘preferred bidder’ for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in Rajasthan on DBFOT (design-build-finance-operate-transfer - Toll) under NHDP Phase V package - I project. The company has offered premium of Rs 186.30 crore to NHAI in terms of the concession agreement.

This is for a 90 kms road and the concession period of the project is 20 years including construction period of 910 days. The company will be getting the toll rights on project from the appointed date.

Including this, the company’s order book currently stands at Rs.11,061 crore.