IRB Infrastructure Developers Ltd (IRB), India’s largest highways infrastructure developer, has received a Letter of Award (LoA) from the National Highway Authorities of India (NHAI) for 28.700 Kms long stretch between Punjab/Himachal Pradesh Border and Mo on the Pathankot-Mandi section of NH-154 (old NH-20).
While commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd, said, “We are happy to receive the LoA from NHAI, the second one in a span of two days; and commence the new financial year 2021-22 on a positive note. We now have robust orderbook of over Rs 14,500cr providing strong revenue visibility for coming years, which will strengthen further with new wins. It is further encouraging to note an increased inclination towards BOT projects by NHAI.”
Key highlights of the Projects are as under:
| Project length | 28.7 Kms |
| NHAI Bid Project Cost (Rs. In Crores) | 758.04 |
| Company’s Bid Project Cost (Rs. In Crores) | 828 |
| 1st Year O&M quote (Rs. In Crore) | 2.88 |
| Company’s Bid Price (NPV of Company’s Bid Project Cost & O&M Cost over the Concession Period (Rs. In Crores) | 778.64 |
| Construction and Operation Period | Construction Period of 730 Days & Operation Period of 15 (Fifteen) years commencing from COD |
On receiving the LoA, the Company’s Order Book now stands at Rs. 14,509 Crs, post new orders bagged amounting to Rs.5,004 Crs in FY21.
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