IRB Infrastructure Developers
IRB Infrastructure Developers Ltd today said it has won an Rs 1,687 crore project from Maharashtra State Road Development Corporation (MSRDC) for operation and maintenance of an expressway along with a stretch of Mumbai-Pune NH 4. The company has received the letter of award for MSRDC’s project of operation and maintenance of Yashwantrao Chawan Expressway [...] Continue Reading »
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 »
Toll collections for several roads have seen a somewhat higher growth in the April-June quarter. The reason behind this growth is partly due to tariff hikes and partly due to more traffic. For a clutch of 17 road projects belonging to IRB Infrastructure Developers, Ashoka Buildcon and Sadbhav Engineering went up by 8% to nearly [...] 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 »
The submission of the request for qualification (RFQ) by the prospective bidders for the Navi Mumbai international airport project has been extended by one month by the project’s nodal agency, City and Industrial Development Corporation (Cidco). In a recent announcement, Cidco has revealed that the deadline for the submission of the RFQ released on February 5 has [...] 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 »
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 »
