IRB Infrastructure Developers (IRB), one of the largest BOT road developers in India, announced that it has emerged as a preferred bidder for the project of Six Laning from Udaipur to Rajasthan/ Gujarat Border i.e. from km 287.400 to kin 401.200 section of NI-1-8 in the states of Rajasthan & Gujarat (approx. length 113.800 km) on DBFOT (Toll) under NHDP Phase V (package-V).

The estimated project cost of the company is approximately Rs 21 billion with the concession period for the same is 21 years including construction period of 910 days.

Subject to award, IRS's construction order book will stand to increase to approximately Rs 100 billion, to be executed in the next four years. This will boost the Company's construction order book visibility for next three to four year.

Shares of the company gained Rs 0.4, or 0.19%, to settle  at  Rs 216.10.  The total volume of shares traded  was  95,325 at  the BSE (Friday).