The project entails construction of eight-lane divided carriageway with paved shoulder & two lane service road along the project road, starting at Narsingi Junction and ending at at Gachibowli in Hyderabad, Telangana.

The project will have 22 toll plaza, 22 interchanges, 8 major bridges, 122 minor bridges, a flyover, 4 railway over bridges, 168 underpasses, large number of culverts & causeways. The project has close loop tolling.

After signing the concession agreement, the project SPV will be making the payment of Rs 7,380 crore within a span of 120 days, said the company.

With this award, the civil construction company's asset base expands to over Rs 70,000 crore and O&M order book grew by Rs 14,500 crore.

Virendra D. Mhaiskar, chairman & managing director of IRB Infra, said, “Proud to add this prestigious project to our portfolio, taking our asset base to over Rs.70,000 Crores and share in TOT space to 37%, the largest by any private player in India.”

IRB Infrastructure Developers (IRB) is India's first Multinational Infrastructure player in Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, with this win, IRB group's asset base will swell to over Rs 62,000 crore spread in 10 States across the parent company and two InvITs.

The company's consolidated net profit increased by 94.50% to Rs 141.36 crore on a 18.37% rise in sales in Q3 FY23 over Q3 FY22.