{"id":11332,"date":"2018-03-19T06:18:31","date_gmt":"2018-03-19T06:18:31","guid":{"rendered":"http:\/\/www.irb.co.in\/home\/?p=11332"},"modified":"2018-03-19T06:30:30","modified_gmt":"2018-03-19T06:30:30","slug":"irb-infra-bags-another-hybrid-annuity-project-in-gujarat","status":"publish","type":"post","link":"https:\/\/www.irb.co.in\/home\/2018\/03\/19\/irb-infra-bags-another-hybrid-annuity-project-in-gujarat\/","title":{"rendered":"IRB Infra bags another Hybrid Annuity project in Gujarat"},"content":{"rendered":"<ul>\n<li><strong>Third successive award of project for the Company<\/strong><strong><br \/>\n<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Project parts construction of eight lanes on 23.740 Kms stretch of Vadodara \u2013 Mumbai Expressway with a cost outlay of Rs. 2,043 Crs<\/strong><strong><br \/>\n<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Company\u2019s Construction Order Book crosses Rs.12,000 Crs mark<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Mumbai, March 19, 2018: <\/strong>IRB Infrastructure Developers Ltd (IRB), India\u2019s leading and the largest highways infrastructure developers bagged its third successive project from NHAI under Hybrid Annuity Model (HAM) in the state of Gujarat.<\/p>\n<p style=\"text-align: justify;\">The Company emerged as a preferred bidder for construction of eight lanes on the Vadodara \u2013 Mumbai Expressway in the Gujarat, on the stretch having length of 23.740 Kms at the cost of Rs. 2,043 Crs.<\/p>\n<p style=\"text-align: justify;\">Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman &amp; Managing Director, IRB Infrastructure Developers Ltd. said, <strong><em>\u201cWe are happy to see the Company being awarded with third successive project under Hybrid Annuity in a week\u2019s time. This has once again acknowledged the high trust and confidence in our domain expertise, rich experience and execution capabilities demonstrated over last two decades.\u201d \u00a0\u00a0\u00a0\u00a0<\/em><\/strong><\/p>\n<p><strong>Key highlights of the Projects are as under:<\/strong><\/p>\n<ul>\n<li>The project is in Gujarat for eight laning of stretch of 23.740 Kms on Vadodara \u2013 Mumbai Expressway, between Padra and Vadodara, with cost outlay of Rs.2043 Crs.<\/li>\n<\/ul>\n<ul>\n<li>The concession will comprise 730 days for construction and 15 years Operations &amp; Maintenance rights thereafter<\/li>\n<\/ul>\n<p><strong><u>About IRB Infrastructure Developers Ltd:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">IRB Infrastructure Developers Ltd (IRB) is one of the largest private roads and highways infrastructure developers in India, with its presence in BOT and HAM space.<\/p>\n<p style=\"text-align: justify;\">At present, the Company is having 7 projects under operational BOT space; 3 projects under HAM space; 4 projects under Tolling &amp; Construction, 7 projects under O &amp; M contracts as a Project Manager for IRB InvIT and another 2 projects under advanced stages of construction. The Company has successfully completed 7 Concessions till date.<\/p>\n<p style=\"text-align: justify;\">IRB Group, in the 20<sup>th<\/sup> year of its journey towards excellence since inception, has achieved an unmatchable milestone of crossing 12,000 lane Kms, along with almost 20% share in India\u2019s prestigious Golden Quadrilateral project; which is the largest by any private highways infrastructure developers in India.<\/p>\n<p style=\"text-align: justify;\">Company\u2019s construction order book as on today stands at more than Rs.12,000 Crores.<\/p>\n<p style=\"text-align: justify;\">IRB Infrastructure Developers Ltd. is India\u2019s first Infrastructure developer Company to have privilege of successfully launching and listing of India\u2019s first ever InvIT IPO and also transferring 7 projects under the same. The Company was recently conferred on the prestigious <strong><em>\u2018FinanceAsia \u2013 Best India Deal &#8211; Achievement Award 2017<\/em>\u2019<\/strong> at Hong Kong.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>For further details, please contact:<\/strong><\/p>\n<ul>\n<li><strong>Vivek Devasthali,<\/strong> Head \u2013 Corporate Communications, 99300 80099, <a href=\"mailto:vivek.devasthali@irb.co.in\">devasthali@irb.co.in<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>Shahab Shaikh,<\/strong> Concept PR, 93208 97525, <a href=\"mailto:shahab@conceptpr.com\">shahab@conceptpr.com<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Third successive award of project for the Company Project parts construction of eight lanes on 23.740 Kms stretch of Vadodara \u2013 Mumbai Expressway with a cost outlay of Rs. 2,043 Crs Company\u2019s Construction Order Book crosses Rs.12,000 Crs mark Mumbai, March 19, 2018: IRB Infrastructure Developers Ltd (IRB), India\u2019s leading and the largest highways infrastructure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-11332","post","type-post","status-publish","format-standard","hentry","category-media-release"],"_links":{"self":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts\/11332"}],"collection":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/comments?post=11332"}],"version-history":[{"count":1,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts\/11332\/revisions"}],"predecessor-version":[{"id":11333,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/posts\/11332\/revisions\/11333"}],"wp:attachment":[{"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/media?parent=11332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/categories?post=11332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irb.co.in\/home\/wp-json\/wp\/v2\/tags?post=11332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}