IRB Infra wins Rs. 828 crore highway project from NHAI in Himachal Pradesh.

IRB Infrastructure Developers Ltd. (IRB) recently said it has received a letter of award from National Highways Authority of India (NHAI) for a Rs. 828 crore project in Himachal Pradesh. On receipt of the award, the company's order book stands at Rs. 14,509 crore.

"The company has received Letter of Award from NHAI for the project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border... of NH-20 (New NH-154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM)," the company said in a regulatory filing to the BSE.

With this the total project wins in the just concluded fiscal were worth Rs. 5,004 crore, it said.

In a statement, Virendra D Mhaiskar, Chairman and Managing Director, said, "We are happy to receive the LoA from NHAI, the second one in a span of two days; and commence the new financial year 2021-22 on a positive note. We now have robust orderbook of over Rs. 14,500 cr providing strong revenue visibility for coming years, which will strengthen further with new wins."

Mhaiskar said it is further encouraging to note an increased inclination towards BOT (build, operate and transfer) projects by NHAI.

IRB claims to be the largest private toll roads and highways infrastructure developer in India, with an asset base of over Rs. 54,000 crore in 10 states across the parent company and two InvITs.

ET