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IRB Infra bags two road projects from NHAI in Tamil Nadu

twitter-logoPTI | March 13, 2018 | Updated 19:42 IST

New Delhi, Mar 13 (PTI) 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 per cent to close at Rs 215.95 on BSE today. PTI ABI ABI MR MR

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