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Last Updated : Mar 13, 2018 09:02 PM IST | Source: PTI

IRB Infra bags two road projects from NHAI in Tamil Nadu

IRB Infrastructure Developers Ltd today said it has won two road projects worth Rs 3,465 crore from state-run NHAI.

Representative image
Representative image

IRB Infrastructure Developers Ltd today said it has won two road projects worth Rs 3,465 crore from state-run NHAI.

The projects in Tamil Nadu are to be built on hybrid annuity mode, the company said.

The company in consortium with Modern Road Makers Private Ltd, a wholly-owned subsidiary of the company, has emerged as a preferred bidder for two hybrid annuity projects under NHDP Phase IV in the state of Tamil Nadu, IRB Infrastructure Developers Ltd said in a filing to the BSE.

The work includes four-laning of Poodiankuppam- Sattanathapuram section of NH-45A and four-laning of Puducherry-Poondiyankuppam section of NH-45A (new NH-332), the company said.

Shares of the company dropped by 0.28 percent to close at Rs 215.95 on BSE today.
First Published on Mar 13, 2018 07:39 pm
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