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Contract value: Rs 230 crore
Particulars: Civil and electrical works
OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.
Contract value: Rs 800 crore, Particulars: Road project, IRB Infrastructure Developers has received Letter of Award (LoA) worth Rs 800 crore from NHAI for four laning of Goa-Karnataka Border to Panaji – Goa stretch of NH-4A from km 84.000 to km 153.070 in Goa BOT toll basis on DBFO pattern.
The anti-corruption movement that began with Anna Hazare has turned into a tsunami with Arvind Kejriwal turning the spotlight on Robert Vadra, Salman Khurshid and Nitin Gadkari. Across the Atlantic, we had another celebrity Indian, Rajat Gupta, taking the rap for 'insider trading' as he was sentenced to two years in prison in the US. The moral conscience is at a heightened state in India and so are expectations of governance.
A sustained focus on inter-city road projects by IRB Infrastructure Developers will help boost its revenues in the coming quarters.
IRB Infrastructure Developers has commenced operations on its Rs 1,733-crore Jaipur-Deoli build-operate-transfer (BOT) project. Implemented by its wholly-owned special purpose vehicle called IRB Jaipur Deoli Tollways, the company has begun partial toll collection from September 27, the company said in a statement.
IRB Infrastructure Developers has commenced toll collection on Kolhapur highway in Maharashtra, the company said in a filing to Bombay Stock Exchange on October 29.
In Maharashtra, the Rs 1,500-crore Solapur to Yedeshi road expansion project has been bagged by IRB Infrastructure Developers. The company has emerged as a preferred bidder, the company stated. It added that the project work is four-laning of Solapur to Yedeshi section of NH-211 in the state.
Sanghvi Forging & Engineering has bagged orders from oil and gas, power and ship building sectors for a new plant.
Larsen & Toubro-Shanghai Tunnel Engineering Co has bagged Mumbai Metro´s Line 3 Contract MM3-CBS-UGC-01 from Mumbai Metro Rail Corporation comprising Cuffe Parade - CST Tunnels and four stations at Cuffe Parade, Vidhan Bhavan, Churchgate and Hutatama Chowk.
Established in 1998, IRB is among the leaders in the roads and highway sector.
FY2015-16 was challenging for roads infrastructure, especially in the BOT space as NHAI tenders had dried up.
