IVRCL Infrastructures & Projects Ltd said its consortium with Kakade Infrastructure won an order worth Rs1,500 crore for construction-related works.
The scope of work includes extension of the Pune-Mumbai Expressway, widening of flyovers and underpasses and establishment of foot over-bridges from BARC to Kalamboli junction, the company said in a filing to the Bombay Stock Exchange (BSE).
The project will be developed by the company's subsidiary, IVRCL Assets & Holdings, while the company will do the construction work itself. The project is expected to be completed in the next 36 months, it added.
On Monday, IVRCL Infra shares ended 0.9% up at Rs159 on the BSE, while the benchmark Sensex gained 1.6% to 19,906 points.
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