Corporate News     18-Dec-23
IRB Infrastructure Trust to execute NHAI road project of Rs 1683 cr
IRB Infrastructure Trust (the Private InvIT of IRB Infrastructure Developers) has received Letter of Award (LoA) from the National Highways Authority of India (NHAI) for TOT-13 comprising Gwalior- Jhansi section on NH-44 and Kota Bypass on NH 76 projects for an upfront consideration of Rs.1,683 crore, (where the Trust emerged as a preferred bidder) for the revenue linked concession of 20 years.

IRB Infrastructure Trust had also received LoA from NHAI for TOT-12 (Lalitpur-Lakhnadon section on NH44) for an upfront consideration of Rs.4,428 crore and revenue linked concession period of 20 years from the Appointed Date.

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