IRB Infrastructure Developers, a highway construction company, announced that Kishangarh Gulabpura Tollway Private, wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six laning of Kishangarh to Gulabpura section of NH-79A and NH-79 in the State of Rajasthan (Length 90.000km) on DBFOT (Toll) under NLIDP Phase-V Package-1.

The project is on DBFOT Pattern. The estimated project cost of the company is approximately Rs 15.30 billion. The concession period of the project is 20 years including construction period of 910 days.

The company will get tolling rights on project from the Appointed Date. The company has offered premium of Rs 1.86 billion to NHAI. The premium payment will commence after three years from the Appointed Date in terms of the Concession Agreement.

Shares of the company gained Rs 1.75, or 0.75%, to trade at Rs 233.70. The total volume of shares traded was 102,631 at the BSE (12.47 p.m., Thursday).