InvestorQ : InvestorQ-Ask,Answer & Share All About Finance!
swati Bakhda made post

Do you thing IRB Infra is worth buying after the latest order received?

user profile image
Dia Deshpande answered.
3 weeks ago

IRB Infrastructure secured a highway project worth Rs.2193-crore under the Bharat Mala Yojana in West Bengal. The project entails widening the 63.83 km stretch on NH-19 as part of the Golden Quadrilateral Project. This deal is significant as it is the first big order for IRB from the East. The project is design, build, finance, operate and transfer or DBFOT basis.

The total concession period for the project is 17 years and this includes the construction period of 910 days. This order takes the overall order book of IRB to Rs.14,600 crore. It may be recollected that IRB had also recently bagged India's largest toll-operate-transfer or TOT project for Mumbai-Pune Expressway worth Rs.8262 crore. IRB has an asset base of Rs.45,000 crore.