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IRB Infrastructure secures BOT project under Bharatmala Pariyojana in West Bengal

IRB Infrastructure secures BOT project under Bharatmala Pariyojana in West Bengal

IRB Infrastructure Developers (IRB) has bagged BOT project worth ₹ 2,193 crores under the Bharatmala Pariyojana, in West Bengal. The winning of this project also marks the company entry in the Eastern territory of India.

In a filing to stock exchanges IRB informed that the Company has emerged as a preferred bidder for the project of '6 Laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from km. 588.870 to km. 652.700 (total design length 63.830 km) in the State of West Bengal under Bharatmala Pariyojana to be executed on BOT (Toll) basis'.

The filing further informed that this marks entry of the Company into the ninth State, West Bengal.

While commenting on the development, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “We continue to look for opportunities to expand and diversify our presence. With this win, we will enter the eastern jewel of India. We are committed to build world class highway infrastructure for the development of eastern region and to bring quality connectivity with the rest of the country.”

Key highlights of the Project:

  • The Project is on Design, Build, Finance, Operate & Transfer (DBFOT) Pattern.
  • The concession period is 17 years including construction period of 910 days.
  • The Company will get tolling rights on the Project from the Appointed Date.
  • Upon award of this Project, the Company’s March’ 2020 order book stands updated at approximately Rs. 14,600 crores.

IRB Infra had recently bagged India’s largest TOT project of Mumbai Pune Expressway of Rs.8,262 crores and has already paid the first tranche of Rs 6,500 Crs as upfront sub-concession fee to MSRDC.

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