IRB Infra receives LOA for Hyderabad Outer Ring Road TOT Project
ROADS & HIGHWAYS

IRB Infra receives LOA for Hyderabad Outer Ring Road TOT Project

Marking its entry in the state of Telangana, IRB Infrastructure Developers Ltd. (IRB), India’s leading and the largest integrated multi-national highways infrastructure developer has been awarded 158 km (1,264 lane km) Hyderabad Outer Ring Road (ORR) project under Toll-Operate-Transfer (TOT) model with revenue linked concession period of 30 years for upfront consideration of Rs 73.80 billion.

Commenting on the development, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd., said, “Proud to add this prestigious project to our portfolio, taking our asset base to over Rs 700 billion and share in TOT space to 37%, the largest by any private player in India.” He further added, “We express our sincere gratitude towards all authorities and stakeholders. We endeavour to execute this project through our private InvIT platform.”

The Hyderabad Metropolitan Development Authority (HMDA) had invited global competitive bids for the project; in which the company had participated and emerged as the selected bidder. After signing the concession agreement, the project SPV will be making the payment of Rs 73.80 billion within a span of 120 days.

The Hyderabad Outer Ring Road (ORR) is a 158 km, 8 lanes ring road expressway encircling Hyderabad. Opened up in December 2012, the large part of around 124 km of ORR covers urban nodes like Hi-Tech City, Nanakramguda Financial District, International Airport, IKP Knowledge Park, Hardware Park, Telangana State Police Academy, Singapore Financial District and Game Village. The ORR has well established connectivity with other important national highways and state highways.

Marking its entry in the state of Telangana, IRB Infrastructure Developers Ltd. (IRB), India’s leading and the largest integrated multi-national highways infrastructure developer has been awarded 158 km (1,264 lane km) Hyderabad Outer Ring Road (ORR) project under Toll-Operate-Transfer (TOT) model with revenue linked concession period of 30 years for upfront consideration of Rs 73.80 billion. Commenting on the development, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Ltd., said, “Proud to add this prestigious project to our portfolio, taking our asset base to over Rs 700 billion and share in TOT space to 37%, the largest by any private player in India.” He further added, “We express our sincere gratitude towards all authorities and stakeholders. We endeavour to execute this project through our private InvIT platform.” The Hyderabad Metropolitan Development Authority (HMDA) had invited global competitive bids for the project; in which the company had participated and emerged as the selected bidder. After signing the concession agreement, the project SPV will be making the payment of Rs 73.80 billion within a span of 120 days. The Hyderabad Outer Ring Road (ORR) is a 158 km, 8 lanes ring road expressway encircling Hyderabad. Opened up in December 2012, the large part of around 124 km of ORR covers urban nodes like Hi-Tech City, Nanakramguda Financial District, International Airport, IKP Knowledge Park, Hardware Park, Telangana State Police Academy, Singapore Financial District and Game Village. The ORR has well established connectivity with other important national highways and state highways.

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Achieves Sales Value of Rs 400 Bn

On National MSME Day, Vedanta, India’s leading critical minerals, transition metals, energy and technology conglomerate announced that its non-ferrous metals e-store has achieved a staggering Rs 400 billion in total sales value. Operated under the name of Vedanta Metal Bazaar, it is the world’s largest non-ferrous metals e-store offering more than 1200 stock keeping units (SKUs) across metals such as aluminium, zinc, lead and copper. The platform brings ease-of-doing business for customers on their fingertips by providing a streamlined, digital-first solution that enables businesses to pro..

Next Story
Infrastructure Urban

Syensqo Unveils Orange Grades for Key EV Components

Syensqo, a leader in advanced materials and specialty chemicals, proudly announces the launch of its latest innovation, Amodel® PPA HFFR-4133 Orange (OR).This high-performance flame retardant polypthalamide (PPA), distinguished by its stable and vibrant orange color, aligns with the industry's growing emphasis on safety and visibility for critical electric vehicle components, such as connectors and busbars.In the rapidly evolving e-mobility sector, the use of orange-colored connectors has become a crucial safety standard, offering immediate visual identification of live high-voltage component..

Next Story
Infrastructure Urban

Tata Steel Deploys EVs for Customer Deliveries at Sahibabad Plant

Tata Steel, a pioneer in sustainable industrial practices, has taken another significant step forward in its green mobility journey by deploying Tata Motors manufactured electric vehicles (EVs) for customer deliveries from its Sahibabad plant, located in Ghaziabad district of Uttar Pradesh. This marks the first-ever use of Tata Motors made EVs for outbound logistics from a Tata Steel plant location.This initiative is in partnership with M/s AVG Logistics, who will operate Tata Motors-manufactured electric vehicles for deliveries to key customers. This initiative not only reinforces Tata Steel..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?