IRB Infrastructure in pact with NHAI for Rs 2,650-cr road project

IRB Infrastructure Developers on Thursday said it has executed concession agreement with National Highways Authority of India (NHAI) for Rs 2,650-crore project of six laning of Agra-Etawah Bypass section in Uttar Pradesh.

"The company, has now executed Concession Agreement with NHAI for the project of six-laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the state of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode", IRB Infrastructure Developers said in a Bombay Stock Exchange (BSE) filing.

"The estimated project cost of the company is approximately Rs 2,650 crore... Construction period is 910 days and the company will get tolling rights on the Agra-Etawah Bypass section of NH-2 from the appointed date", it said.

The company said with this project, it has expanded its base in eight states.

IRB Infrastructure was trading at Rs 225.95 in morning trade, up 2.03 per cent from previous close on BSE.