Source:CNBC-TV18:Fri, May 07, 2010 at 12:22
Construction firm IRB Infrastructure has received a road project worth Rs 1,200 crore from National Highways Authority of India (NHAI).
The company expects to commence work on the project by the end of the year. It is a toll-based project and IRB would be paying a premium of Rs 140.4 crore in the first year to NHAI.
Speaking to CNBC-TV18, VD Mhaiskar, Chairman and Managing Director of IRB Infra, says existing order book has crossed the Rs 10,000 crore mark post this order. “We expect good flow of orders from NHAI going forward.”
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