IVRCL bags orders worth Rs 1430-crore
PTI | 02:02 PM,Feb 13,2012Hyderabad, Feb 13 (PTI) IVRCL Group, a city-based infra major today said it bagged orders worth Rs 1430 crore. IVRCL Assets and Holdings Ltd, a subsidiary of IVRCL Limited bagged a road project of 151 km long connecting Rajasthan border and Haryana, worth Rs 1201.7 crore, a statement from IVRCL said. The project which will be executed as BOT (toll) project, has been awarded by the Government of Haryana. "The concession period is 20 years and the construction period is 30 months. The estimated total project cost (TPC) is Rs 1201.70 crore," the statement said. The project corridor serves as major interstate south north connectivity between the states like Rajasthan, Gujarat and Maharashtra to northern states of Punjab, Himachal Pradesh and Jammu and Kashmir, the statement added. IVRCL Limited's Water, Transportation and Buildings Divisions have bagged orders valued Rs 111.06 crore and Rs 71.92 crore and Rs 45.14 crore respectively. While water project was awarded by Tamil Nadu Water Supply and Drainage Board and Kerala Water Authority, the other projects are awarded by Rail Vikas Nigam Limited and Ministry of Health and Family Welfare. Shares of IVRCL and IVRCLAH are traded at Rs 57.20 and Rs 44 respectively on Bombay Stock exchange. PTI GDK DK
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