IRB Infrastructure Developers’ wholly-owned subsidiary - CG Tollway, incorporated for implementation of project of six lanning of 124.87 km of NH-79 between Chittorgarh and Gulabpura in the state of Rajasthan has received the appointed date from the Competent Authority. Accordingly, the SPV has started toll collection and construction on the project from November 4, 2017.
The project is on DBFOT pattern and the concession period of the project is 20 years including construction period of 910 days. The estimated cost of the project is Rs 2,090 crore. The company started toll collection on the project from appointed date i.e. November 4, 2017 being Six Lanning Project. The company has offered premium of Rs 228.60 crore to NHAI.
The premium payment will commence after three years from the appointed date in terms of the concession agreement. IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. Meanwhile, shares of the company were trading at Rs 247.35 apiece, up 1.62 per cent from the previous close
Best services for customers with full technical support make your Financial Trading more easy click here to subscribe us forfree >> https://www.facebook.com/ripplesadvisorypvtltd/
The project is on DBFOT pattern and the concession period of the project is 20 years including construction period of 910 days. The estimated cost of the project is Rs 2,090 crore. The company started toll collection on the project from appointed date i.e. November 4, 2017 being Six Lanning Project. The company has offered premium of Rs 228.60 crore to NHAI.
No comments:
Post a Comment