The concession period of the project is 22 years including construction period of 910 days.
Share price of IRB Infrastructure Developers rose 1 percent intraday Thursday as company emerged a preferred bidder for a project in Uttar Pradesh on DBFOT basis.
The company has emerged as a preferred bidder for the project of six laning of Hapur bypass to Moradabad section including Hapur bypass in the state of Uttar Pradesh on DBFOT basis under NHDP Phase V Project.
The concession period of the project is 22 years including construction period of 910 days.
Total cost of the project is approximately Rs 3400 crore and with this order the construction order book stands at approximately Rs 15,300 crore.
The company will get tolling rights on the project from the appointed date.
At 10:42 hrs IRB Infrastructure Developers was quoting at Rs 218.40, up Rs 0.60, or 0.28 percent on the BSE.
Posted by Rakesh Patil