IRB Infrastructure Developers Limited
India stood 10th worldwide with respect to overall quality infrastructure environment in the country.
IRB Infrastructure Developers Limited is a road BOT operator. The company's principal activity is the construction and maintenance of roads. Its business segments include road infrastructure projects, which includes development and operation of roadways; real estate, which includes real estate development; and others, which includes windmill (sale of electricity generated by windmill), hospitality and airport infrastructure. Its construction business complements its BOT vertical by executing engineering, procurement and construction, and O&M aspects of BOT concessions. It has a portfolio of over 20 road BOT projects. It has in-house integrated project execution capabilities in both its business verticals, including construction and O&M of highways. Its clients include government agencies such as National Highways Authority of India (NHAI) and state road development authorities, which develop highways.
- 11 BOT projects in operation
- 17 BOT and hybrid annuity model (HAM) projects in portfolio
- Total income stood at Rs. 54,875 million (US$ 732.11 million) in FY21
IRB Infrastructure Developers Limited
| Year | Milestone |
|---|---|
| 2022 |
IRB Infra & GIC Affiliate will invest in aggregate Rs. 2,133 crore (US$ 262.41 million) in Ganga Expressway project. In July 2022, the National Highway Authority of India (NHAI) issued completion certificate to the company for Kishangarh -Gulabpura six laning highway project in Rajasthan. IRB Infrastructure Developers Ltd. has offered its Vadodara to Kim expressway project, being developed under hybrid annuity model, to its public InvIT, IRB InvIT Fund. |
| 2021 |
In September 2021, IRB Infrastructure Developers Limited received a Letter of Award from the NHAI for development of Six Laning of Chittoor-Thachur road project on Hybrid Annuity mode (under Bharatmala Pariyojana) in Tamil Nadu (Package-IV). In January 2021, the VM7 Expressway Pvt. Ltd., a wholly-owned subsidiary of the IRB Infrastructure Developers Ltd., achieved financial closure for Gandeva – Ena HAM project in Gujarat. the project includes construction of eight lanes for the Gandeva – Ena section, a stretch of 27.5 kms, on the upcoming Vadodara-Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII). |
| 2020 |
In November 2020, IRB Infra’s SPV, AE Tollway Ltd. achieved completion and commissioning of its Agra Etawah six-lane highway project in UP, enabling the company to collect toll at full tariff (70% increase over the current tariff). IRB Infrastructure received a contract of Rs. 1,755 crore (US$ 241.40 million) for the construction of a section of the Vadodara-Mumbai Expressway. IRB Infrastructure secured highway project worth Rs. 2,193 crore (US$ 311.11 million) in West Bengal under Bhartmala Pariyojna IRB bagged Mumbai-Pune Expressway project IRB received the first tranche of investment of Rs. 3,753 crore (US$ 536.99 million) from GIC affiliates |
| 2019 |
Achieved COD for Yedeshi – Aurangabad four laning highway project in Maharashtra |
| 2018 |
Bagged 2 projects aggregating 94.80 kms in Tamil Nadu under Hybrid Annuity Model (HAM) with cost outlay of Rs. 3,492 crore (US$ 499.64 million) |
| 2017 |
IRB Infra the company has completed the process of acquisition of remaining 26% stake in M.V.R. Infrastructure and Tollways Pvt Ltd. IRB Infra received latter of award from National Highways Authority of India for hybrid annuity project under Phase VI in Gujarat. IRB Infra received latter of award from National Highways Autority of India for two hybrid annuity projects under National Highways Development Project (NHDP) Phase VI in Tamil Nadu |
| 2007 |
Successfully completed the construction phase of the Thane-Ghodbunder project |
| 2004 |
Commencement of construction activities of the NH 4 and commencement of toll collection on the Mumbai Pune Expressway |
| 2003 |
Completion of the construction activities in Thane Bhiwandi Bypass BOT project – Phase |
| 2000 |
Completion of the Kaman Paygaon project on a BOT basis. Completion of the Khambatki Ghat project on a BOT basis |
| 1999 |
Completion of the Kharpada Project Bridge over River Patalganga on a BOT basis |
| 1998 |
The company was incorporated as a private limited company, DVJ Leasing and Finance Private Limited on July 27, 1998 under the Companies Act. Signing of the concession agreement for the Thane Bhiwandi Bypass Phase II on a BOT basis |
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