IVRCL Infra bags orders worth Rs 1550 crores

IVRCL Infrastructure & Projects Ltd said on Wednesday it received a road project in Madhya Pradesh worth 15.5 billion rupees 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.