IRB Infra receives LOA for Hyderabad Outer Ring Road TOT Project in Telangana

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enable_page_level_ads: true }); </script>    <script async src="https://www.googletagmanager.com/gtag/js?id=UA-155145119-1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-155145119-1'); </script>  </header> <div id="content" class="site-content container clear"> <div id="primary" class="content-area"> <main id="main" class="site-main" > <article id="post-8324" class="post-8324 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-bidder tag-chairman tag-hmda tag-hyderabad tag-hyderabad-outer-ring-road tag-irb-infra tag-loa tag-managing-director tag-outer-ring-road-tot-project tag-telangana tag-virendra-d-mhaiskar"> <header class="entry-header"> <h1 class="entry-title">IRB Infra receives LOA for Hyderabad Outer Ring Road TOT Project in Telangana</h1> <div class="entry-meta clear"> <span class="entry-author"><a href="" title="Posts by " rel="author"></a>  </span> <span class="entry-date">April 29, 2023</span> <span class="entry-category"> in <a href="https://constructionbusinesstoday.com/category/news/" title="View all posts in News" >News</a> </span> <span class='sep'>•</span> <span class='entry-comment'><a href="https://constructionbusinesstoday.com/news/irb-infra-receives-loa-for-hyderabad-outer-ring-road-tot-project-in-telangana/#respond" class="comments-link" >add comment</a></span> </div> </header> <div class="entry-content"> <img width="730" height="438" src="https://constructionbusinesstoday.com/wp-content/uploads/2023/04/pexels-aleksejs-bergmanis-681335-730x438.jpg" class="attachment-single_thumb size-single_thumb wp-post-image" alt="IRB Infra has received LOA for Hyderabad Outer Ring Road TOT Project in Telangana" decoding="async" fetchpriority="high" /> <p><span style="font-weight: 400;">IRB Infrastructure Developers Ltdemerged as the successful bidder and has received LOA for Hyderabad Outer Ring Road TOT Project, marking its entry in the State of Telangana. 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 7,380 crore. </span></p> <p><span style="font-weight: 400;">Commenting on the development, <strong>Virendra D. Mhaiskar, Chairman and Managing Director,</strong> <strong>IRB Infrastructure Developers Ltd,</strong> said, “Proud to add this prestigious project to our portfolio, taking our asset base to over Rs 70,000 crore and share in TOT space to 37 per cent is the largest by any private player in India.” The Hyderabad Metropolitan Development Authority (HMDA) had invited global competitive </span><span style="font-weight: 400;">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 7,380 crore within a span of 120 days.</span></p> </div> <span class="entry-tags"> <span class="tag-links"> <a href="https://constructionbusinesstoday.com/tag/bidder/" rel="tag">Bidder</a> <a href="https://constructionbusinesstoday.com/tag/chairman/" rel="tag">Chairman</a> <a href="https://constructionbusinesstoday.com/tag/hmda/" rel="tag">HMDA</a> <a href="https://constructionbusinesstoday.com/tag/hyderabad/" rel="tag">Hyderabad</a> <a href="https://constructionbusinesstoday.com/tag/hyderabad-outer-ring-road/" rel="tag">Hyderabad Outer Ring Road</a> <a href="https://constructionbusinesstoday.com/tag/irb-infra/" rel="tag">IRB Infra</a> <a href="https://constructionbusinesstoday.com/tag/loa/" rel="tag">LOA</a> <a href="https://constructionbusinesstoday.com/tag/managing-director/" rel="tag">Managing Director</a> <a href="https://constructionbusinesstoday.com/tag/outer-ring-road-tot-project/" rel="tag">Outer Ring Road TOT Project</a> <a href="https://constructionbusinesstoday.com/tag/telangana/" rel="tag">Telangana</a> <a href="https://constructionbusinesstoday.com/tag/virendra-d-mhaiskar/" rel="tag">Virendra D Mhaiskar</a></span> </span> </article> </main> </div> <aside id="secondary" class="widget-area sidebar"> <div class="widget const-widget"><h2 class="widget-title"><span>Advertisement</span></h2><a href="https://www.hondaindiapower.com" target="_blank" aria-label="Honda Power Tools"><img src="https://constructionbusinesstoday.com/wp-content/uploads/2023/09/HondaPowerTools.jpeg" alt="Honda Power Tools" width="300" height="300" /></a></div><div id="block-7" class="widget widget_block"> <div style="padding:20px" class="wp-block-tnp-minimal"><p>Subscribe to our newsletter!</p><div><div class="tnp tnp-subscription-minimal "><form action="https://constructionbusinesstoday.com/wp-admin/admin-ajax.php?action=tnp&na=s" method="post" style="text-align: center"><input 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var classes = ['meta-info']; var regex = '<span>by<\/span> <a(.*?)\/a>;Posted by <a(.*?)\/a> on '; break; case 'wp-clearphoto' : var classes = ['meta']; var regex = '\\|\\s*<\/span>\\s*<span class="meta-author">\\s*<a(.*?)\/a>'; break; case 'wp-clearphoto1' : var classes = ['meta']; var regex = '\\|\\s*<\/span>\\s*<span class="meta-author">\\s*<a(.*?)\/a>'; break; default: var classes = ['entry-meta']; var regex = ' by <a(.*?)\/a>;<span class="sep"> by <\/span>; <span class="meta-sep">by<\/span>;<span class="meta-sep"> by <\/span>'; } if (typeof classes[0] !== 'undefined' && classes[0] !== null) { for(var i = 0; i < classes.length; i++) { var elements = document.querySelectorAll('.'+classes[i]); for (var j = 0; j < elements.length; j++) { var regex_array = regex.split(";"); for(var k = 0; k < regex_array.length; k++) { if (elements[j].innerHTML.match(new RegExp(regex_array[k], "i"))) { var replaced_txt = elements[j].innerHTML.replace(new RegExp(regex_array[k], "i"), ''); elements[j].innerHTML = replaced_txt; } } } } } </script> <script type="text/javascript" src="https://constructionbusinesstoday.com/wp-content/themes/mysocial/assets/js/superfish.js?ver=6.7.2" id="superfish-js"></script> <script type="text/javascript" src="https://constructionbusinesstoday.com/wp-content/themes/mysocial/assets/js/modernizr.min.js?ver=6.7.2" id="modernizr-js"></script> <script type="text/javascript" src="https://constructionbusinesstoday.com/wp-content/themes/mysocial/assets/js/html5.js?ver=6.7.2" id="html5-js"></script> <script type="text/javascript" src="https://constructionbusinesstoday.com/wp-content/themes/mysocial/assets/js/jquery.custom.js?ver=20170228" id="custom-js"></script> <script>!function(){window.advanced_ads_ready_queue=window.advanced_ads_ready_queue||[],advanced_ads_ready_queue.push=window.advanced_ads_ready;for(var d=0,a=advanced_ads_ready_queue.length;d<a;d++)advanced_ads_ready(advanced_ads_ready_queue[d])}();</script> </body> </html>

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