IVRCL Infra bullish on BOT road projects

January 27, 2010

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IVRCL Infrastructure and Projects Ltd said it has received a Rs 1,550 crore BOT (Built Operate Transfer) road project in Madhya Pradesh from the National Highways Authority of India (NHAI). The concession will be for 25 years and the project will be completed in 30 months.

“The 155-km long road project will be executed by a special purpose vehicle owned by IVR Prime. The road construction will be taken up by IVRCL Infra,” said Mr E. Sudhir Reddy, the chairman of IVRCL Group.

“With this, IVR Prime has BOT projects — confirmed and lowest bidder — worth Rs 10,000 crore,” he said adding that the company expects to win six BOT projects by this year end.

The project, which is a part of National Highway 59, involves design, engineering, construction, development, finance, operation and maintenance of the road that runs between Indore and Ahmedabad.

Mr Reddy said that the debt-equity of 5:1 would be used to fund the project. “The equity component will be raised through internal accruals and raising debt will not be difficult for us,” Mr Reddy said.

Following the road transport and highways minister, Mr Kamal Nath’s target to build 20 km road every day by April 2010, the NHAI has put the process of awarding contracts on the fast track. “We are currently doing 9 km a day and would be in a position to scale up to 20 km a day by April-May 2010,” Mr Nath had said recently.

Recently, the government had approved road projects worth Rs 6,152 crore in five states for upgrading nearly 562 km of four-lane highways into six lanes.

Mr Nath had also coined the idea of issuing infrastructure bonds to raise money from non-resident Indians on the lines of the Resurgent India Bonds issued in 1998 and the India Millennium Bonds issued in 2000.

Written by ITW Editor · Filed Under Investment and Finance

6 Comments on “IVRCL Infra bullish on BOT road projects” Post your comment

Manish Srivastava on November 15th, 2010 12:18 pm

Dear Sir / Madem
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Manish Srivastava
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Arvind singh thakur on February 16th, 2011 9:25 pm

Dear Sir / Madam

I am labor and steel shuttering contractor from Jabalpur MP. I have 1200 labour staff for Road Work.and Bridge work.
If any requirement you so please call me any time.
Labour working time 08.am to 08.pm Rate 245/-each

I HOPE YOU ARE ONE TIME OFFERED ME.
Thanking you,

ARVIND SINGH THAKUR
MO.NO.098885-57714
Jabalpur M.P.
Shivkumar Sangolli on May 30th, 2011 2:34 pm

I need information on Operation & Maintennance cost per KM for 4/6 lane for our National Highways being constructed on BOT/DBFOT Basis
vikas prabhakar jinturkar on November 10th, 2011 12:30 pm

I am civil engineer 20 yrs experience maxx. in road works & wish to join your organoation if get a chance on relevent post of civil engineering.
G.ramalingam. on May 3rd, 2012 9:38 pm

Dear Sir / Madem

We are sri sudarsana perumal transport. Our unit is situated in Andra Pradesh, tamilnadu,karnataka,
If any requirment of transport, earht filling, roadwork (NHAI) like sub contract so please give us a chance for better serve you.

Thanks with Regard

G.ramalingam
Capt RPS Bhadouria Chairman, on June 8th, 2015 7:26 am

Dear Sir,
We are a security company providing security cover at 6 states which include the road projects with MADHUCON and SEW.
Kindly give us chance to discuss with you for the security cover at your project from Indore to AHEMEDABAD Road.

With Regards,

Capt RPS Bhadouria
Chairman,
Locators Group