IRB
On the sideline of IRB Infrastructure Developers’ 16th Annual General Meeting recently held in Mumbai, the toll-road company’s Chairman and Managing Director Virendra Mhaiskar said that IRB is eyeing nearly 300 kms of road contracts out of the around 3,500 kms of road projects which the National Highways Authority of India ( NHAI) is likely [...] Continue Reading »
IRB Infrastructure Developers (IRB) is in the process of raising around Rs. 5,000 crore from the lenders by the end of October and early November. IRB which is one of the largest BOT (Build- Operate-Transfer) road developers and toll operators will use this money to fund two of its road projects in Haryana and Maharashtra. [...] Continue Reading »
IRB Infrastructure has signed an agreement with the National Highways Authority of India (NHAI) for a Rs 2,300-crore project for widening of a highway stretch in Haryana under National Highways Development Project (NHDP). This is a positive Public Private Partnership (PPP) in which one of the largest BOT (build, operate, transfer) road developers in India, [...] Continue Reading »
Continuing its steady gains of late, the stock of IRB Infrastructure Developers witnessed yet another increase – of 11 percent – on May 26. The last three weeks have marked a strong rally for the IRB Infrastructure stock, which has seen a surge of a whopping 83 percent since May 2. Along with recording the [...] Continue Reading »
In a move which will apparently trigger the revival of the stagnating highways sector and offer a helping hand to stressed projects, the option to defer premium payment commitments of a number of projects will be allowed by National Highways Authority of India (NHAI). As many as nine projects will likely receive the approval of [...] Continue Reading »
The National Highways Authority of India (NHAI) is looking at ways to ensure against unduly aggressive bids with a large number of developers abandoning flagship projects — the GMR Group walked out of the Kishangarh-Ahmedabad project in FY13. While the GMR Group had bid a first-year premium of Rs 636 crore for this project, the [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
Further delays are being faced by Ahmedabad airport for its privatisation. Recently Madras High Court vacated a stay on the privatisation process, now the Airport Authority of India (AAI) is in anticipation of an approval on a concessional agreement from the Ministry of Civil Aviation. After such an approval will the authority be able to [...] Continue Reading »
The hearing over the toll collection issue has been postponed on Monday by the Bombay High Court. The court has been hearing the petitions filled by road construction company Ideal Road Builders (IRB) and civic activists in the toll collection issue. The next date given by the court is February 24 after the state government [...] Continue Reading »
