IRB Infrastructure Developers confident of bagging projects this fiscal

NHAI has terminated some of the projects awarded in Southern region primarily due to delay in land acquisition
IRB Infrastructure Developers has said that it is confident of bagging projects in this fiscal even as it saw two such projects terminated a couple of days back.

On November 2, said that NHAI has terminated concession agreements to its two SPVs, IRB PP Project Private Limited and IRB PS Highway Private Limited, which had bagged projects in Tamil Nadu- Puducherry region.

“Even with the termination of these two concession agreements, the company is confident of continuing growth in the construction vertical for current and next year, given the robust order pipeline being evaluated by NHAI for Build Operate Transfer – likely to be awarded during the next couple of quarters,” a company spokesperson told BusinessLine.