IRB Infrastructure
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 the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
Two road projects in Karnataka and Maharashtra, which entail a cost of Rs 4,139 crore, have been started by IRB Infrastructure. IRB Infrastructure said in a filing to the BSE, that Rs 2,639-crore scheme for four-laning of a highway in Karnataka and the Rs 1,500-crore road widening project in Maharashtra are being implemented by company’s [...] Continue Reading »
