IVRCL Infrastructure bags Rs.750 crore project

New Delhi, Sep 23 (Calcutta Tube) Infrastructure and construction firm IVRCL Infrastructure has bagged a Rs.750-crore highway project in Maharastra.

The company had been awarded a project for four laning and improvement of Karanji-Wani-Ghuggus-Chandrapur Road Maharastra State Highway 6 and 7 in Yavatmal and Chandrapur districts on a DBFOT (design, build, finance, operation, transfer) basis, the company said in a regulatory filing Thursday.

The total cost of the project is Rs.750 crore. The state government will be providing a viability gap funding of Rs.231.84 crore, it added.

The project has a fixed concession of 30 years, including construction period from the appointed date, and will be completed in 24 months.

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