IRB Golconda Expressway Private Limited executed a Concession Agreement with Hyderabad Metropolitan Development Authority for the Hyderabad Outer Ring Road Project. The Project has a length of 158 km with various features such as toll plazas, bridges, underpasses, etc. IRB will pay an upfront Concession Fee of Rs. 7,380 crores for the revenue-linked Concession Period of 30 years.