The 20.06 km-project includes the development of 6-laning of Chiuoor-Thachur Road from 96.040 km (Pondavakkam) to 116.100 km (Kannigaipair) on Hybrid Annuity Mode (HAM) under Bhardlmala Pariyojana, in the state of Tamil Nadu (Package-IV). The company's bid price stands at Rs 844.14 crore with a construction period of 730 days and operation period of 15 years.

The company's reported a consolidated net profit of Rs 42.31 crore in the quarter ended September 2021 as against a net loss of Rs 19.66 crore during the previous quarter ended September 2020. Net sales rose 30.4% Y-o-Y to Rs 1,465.24 crore in Q2 FY22.

IRB Infrastructure Developers is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. The company is also into other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate.