India-based highway construction company, IRB Infrastructure Developers (IRB Infra), part of IRB Group, has secured a Rs32bn ($530.9m) road project in the state of Maharashtra.

Awarded by the National Highways Authority of India (NHAI), it involves four-laning of the Yedeshi to Aurangabad stretch of the national highway 211 (NH-211), from 100km to 290.20km.

"IRB Infrastructure is already working on a project for the Solapur to Yedeshi section of the NH-211."

The project, which will be carried out as a build-operate-transfer (BOT), will be completed over a period of 910 days, with a concession period of 26 years, the Press Trust of India reported.

IRB Infra is already working on the Solapur to Yedeshi section of the NH-211, and the new project will see the company develop the complete road length from Aurangabad to Solapur to 288km.

The company added that it has sought Rs5.58bn ($92.57m) as viability gap funding from the NHAI.

In December 2013, IRB Infra had an order book of Rs58bn ($962m), and the new agreement has seen this increase to Rs86bn ($1.42bn).

These orders are scheduled to be executed over the next three to four years.