On 28 February 2006, IJM Corporation in a 50:50 joint venture with Shapoorji Pallonji & Co., India received a letter of acceptance from National Highways Authority of India for the design, engineering, construction, development, finance, operation and maintenance of four laning, the existing two lane, from km.192.25 (near Ulundurpet) to km.285 (near Padalur) on NH-45 in Tamil Nadu on BOT (toll) basis. This is the first highway development project of Shapoorji Pallonji & Co. 

The salient features of the contract are:

Section: Ulundurpet-Padalur (NH-45)
State: Tamil Nadu
Project: NHDP-IIIA
Length: 92.75 km (km 192.25 to km 285.00)
Execution: BOT (Toll) model
Concessionaire: IJM-Shapoorji Pallonji joint venture
Cost: Rs.565 crore
Completion: 30 months
Concession period: 20 years, including construction time
Grant: Rs.40 crore 
Project profile: Click here

ProjectsToday adds: This highway stretch is part of Tindivanam-Trichy (NH-45) upgradation project that is being implemented on BOT basis, under three distinct packages. The above order represents Package B of the project. The BOT contract for Package C has been awarded. Package A is being awarded to GMR Infrastructure, although details are not yet available.

Also See:

Indu Projects bags Rs.320 crore NHAI contract (09-Mar-06)