April 04, 2022

Corporate Relationship Department, BSE Ltd

P.J. Towers, 1st Floor,

Dalal Street, Mumbai - 400 023

National Stock Exchange of India Limited Exchange Plaza

Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051

Dear Sir/ Madam,

Re: Update regarding Appointed date for Palsit Dankuni Tollway Private Limited

In furtherance to our earlier disclosure dated March 30, 2021, June 14, 2021 and January 10, 2022 we are pleased to inform you that Palsit Dankuni Tollway Private Limited ("the SPV") has received Appointed Date from the Competent Authority. Accordingly, the SPV has commenced toll collection and construction on the Project w.e.f. April 02, 2022. The project will be executed by IRBIDL and its associate viz. IRB Infrastructure Trust

Details of the Project being implemented by the SPV is as under:

Project

Six laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from km. 588.870 to km. 652.700 (total design length 63.830 km) in the State of West Bengal under Bharatmala Pariyojana executed on BOT (Toll) basis.

Project length

63.83 Kms

Project Cost

Rs. 2,403 Crores

Concession Period & Tolling

17 Years from the Appointed Date (including Construction Period of 910 days)

Premium payable as a percentage of Revenue

10.8% commencing after one year of actual completion date and increasing annually by 1% thereafter.

This is for your information and record.

For IRB INFRASTRUCTURE DEVELOPERS LIMITED

Mehul Patel

Company Secretary

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

IRB Infrastructure Developers Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 03:03:02 UTC.