IVRCL Group has bagged orders worth Rs 1,430 crore, including a Rs 1,201.70-crore order by IVRCL Assets & Holdings Ltd, a subsidiary, for a 151-km road project that entails four laning of Rai Malikpur– Bhiwani - Kharak Corridor Project in Haryana.
This is to be executed as build, operate and transfer (BOT) tollway road project on design, build, finance, operate and transfer (DBFOT) pattern from the Haryana Government. While the concession period is 20 years, it has construction period of 30 months.
This corridor serves as major inter-State connection between Rajasthan, Gujarat and Maharashtra to northern states of Punjab, Himachal Pradesh and Jammu and Kashmir.