Skip to main content

IVRCL clinch US$293.07mn deal to build 151km Indian highway

The Haryana state government in India has given IVRCL a deal worth US$293.07 million (INR 16.05bn) to build a 151km road between Kharak and Malikhapur. The project is scheduled to be completed in 30 months, with financing set to be secured in the next six months.
December 5, 2012 Read time: 1 min
The Haryana state government in India has given 1318 IVRCL a deal worth US$293.07 million (INR 16.05bn) to build a 151km road between Kharak and Malikhapur. The project is scheduled to be completed in 30 months, with financing set to be secured in the next six months.

For more information on companies in this article

Related Content

  • Grasim Industries of India welcomes income rise
    August 16, 2019
    India-based cement, textiles and chemicals firm Grasim Industries (Aditya Birla Group) saw its year-on-year income rise 12.72% to INR 19.09 trillion (US$257.9bn) in the 1 April to 30 June 2019 period. The company achieved a consolidated net profit of INR 17.86bn ($249.43mn) , up by 27.86%. UltraTech, Grasim Industries’ cement subsidiary, contributed INR 10.18tn ($143.15bn) in revenues, up by 14.35%. A Scheme of Arrangement amongst Century Textiles and Industries Limited (Century), UltraTech and their
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
  • Avtodor tender for new section of Moscow-St. Petersburg road
    August 6, 2013
    Russian state company Avtodor is to announce a tender for a new €3.42 billion (RUB 149.1 billion) section of Moscow-St. Petersburg toll highway. The new section will be between the road's 334th and 543rd kilometres, which passes through the Tver (Central) and the Novgorod (North-West) regions. Avtodor will hold a Dutch auction. Private investments will account for about €229.07 million (RUB 10bn) of the project's financing (own and borrowed funds in equal measures), and the remaining funds will come from th
  • Chinese funding for Bolivia roads
    October 14, 2015
    Bolivia is looking to source funding for two major highway projects from China. This development could follow discussions between Bolivia's vice-president Alvaro Garcia Linera and Chinese funding bodies being held during his trip to China. The highways in focus are the links from Porvenir to Chive and from Chive to Ixiamas. The 151km Porvenir to Chive highway is expected to cost around US$385 million to construct. The 254km Chive to Ixiamas highway meanwhile is expected to cost $600 million. Should Chinese