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IRB Infra bags Hyderabad Outer Ring Road project for ₹7,380 cr
Financial Express Mumbai
|April 28, 2023
IRB INFRASTRUCTURE DEVELOPERS on Thursday said it has won the TOT (Tolling, Operation, Maintenance & Transfer) project for the Nehru Outer Ring Road in Hyderabad, Telangana from the Hyderabad Metropolitan Development Authority (HMDA).
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This is the second-largest single asset TOT project in the country, after the Mumbai-Pune Expressway project and will take the company's share in the ToT space to 37%.
IRB will pay an upfront concession fee of ₹7,380 crore to HMDA for a revenue-linked concession period of 30 years, post-financial closure. With this, IRB's order book will increase by ₹14,000 crore.
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