Hyderabad-based IVRCL Infrastructures & Projects (IVRCL) has been awarded AVR H.N.S.S. Project-Phase II by the Irrigation & CAD department of Andhra Pradesh.

The scope of work includes construction of 33 kv and 132 kv electrical substations, related transmission lines and allied works in Anantpur district of Andhra Pradesh.

The contract is valued at Rs 357.80 crore.

IVRCL Infrastructure has registered a 15% surge in its net profit during Q1, due to higher realization from infrastructure projects, on a year-on year basis. The company reported a net profit of Rs 43.49 crore for the first quarter ended June 30, from Rs 37.87 crore, corresponding quarter a year-ago.