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Showing posts with the label IVRCL Infrastructure and Projects Ltd

IVRCL bags NHAI road project

IVRCL Infrastructure & Projects said on Wednesday it received a road project in Madhya Pradesh worth Rs 15.5 billion from the National Highways Authority of India. The project which is part of National Highway 59 involves design, engineering, construction, development, finance, operation and maintenance of the road that runs between Indore and Ahmedabad in Gujarat. It has a concession period of 25 years including 2.5 years of construction, the company said in a statement to the National Stock Exchange.

IVRCL bags Rs 529 cr orders

Hyderabad-based infrastructure company IVRCL Infrastructure and Projects Limited (IVRCL) bagged orders worth Rs 529.7 cr including an engineering, procurement and construction contract valued at Rs 253.81 cr from the Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad.  The project is for transmission of 735 mn litre per day treated water from the water treatment plant at Maqdumpur pipeline through intermediate pumping stations at Mallaram and Kondapak.  The project is a part of the Package II of Godavari Drinking Water Supply Project (phase I). The company also secured Rs 178.9 cr order from the NTPC Electric Supply Company Limited for completion of rural electrification works in Bilaspur and Korba districts of Chattisgarh and Uttar Dinjapur in West Bengal.  This apart, a Rs 38.52 cr order was awarded to the company for execution of water supply schemes in Andhra Pradesh.

Company News

IVRCL to bid for non-metro airports (Live mint.com 29th Jan 2008)Hyderabad-based IVRCL Infrastructure and Projects Ltd is looking to bid for airport development projects in small cities and towns, joining a growing list of firms wanting to tap the aviation boom in the country. The company has already made a beginning with a bid to develop the Amritsar airport. Confirming the news, E. Sudhir Reddy, chairman and managing director, IVRCL, said the company had “partnered with a Spanish airport development” firm for the purpose, but declined to name it. “We have submitted bids for the development of Amritsar International Airport in Punjab,” said Reddy adding, “we have partnered with a Spanish airports development company to bid for the Amritsar airport project.” IVRCL isn’t keen on being the developer for all such projects, Reddy said, adding, “we are not necessarily interested in owning airport assets. We are keen on bidding for the airport projects as building contracts. We will bid for...