IRB Infra gets tolling rights of Mumbai-Pune Expressway.

IRB Infrastructure Developers said it has secured the MSRDC's (Maharashtra State Road Development Corporation) project for operation & maintenance of the Yashwantrao Chavan Expressway and Mumbai-Pune section of NH-4 along with additional works and toll rights.

In a filing to the stock exchange, IRB said six bidders, including the company, participated in an international electronic competitive bidding process.

The final offer of IRB for a concession period of eight years, eight months and two days was the lowest and was accepted by MSRDC.

HBL