IRB Infrastructure Developers Limited
The total length of the national highways in India has increased by about 59% in the last nine years, from 91,287 km in 2013-14 to 145,240 km in 2022-23.
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.
- 19 BOT projects underway
- Portfolio of 22 BOT and hybrid annuity model (HAM) projects
- Total income of Rs. 6,703 crore (US$ 815.2 million) in FY23
IRB Infrastructure Developers Limited
| Year | Milestone |
|---|---|
| 2023 |
In May, 2023, the wholly-owned subsidiary of IRB Infrastructure Developers, Samakhiyali Tollway Private Ltd. executed a concession agreement with NHAI for Samakhiyali Santalpur Build, operate, transfer (BOT) project in Gujarat. In April, 2023, IRB Infrastructure Developers Ltd bagged the 158-kilometre Hyderabad outer ring road Toll-Operate-Transfer (TOT) project for Rs. 7,380 crore (US$ 897.5 million). In February 2023, IRB Infra has emerged as a ‘Preferred Bidder’ for Rs. 2,132 crore (US$ 260.4 million) BOT project in Gujarat |
| 2021 |
In December 2021, UPEIDA awards IRB Infrastructure Developers a contract worth Rs 6,555 crore (US$ 800 million). In September 2021, NHAI awarded the development of six lane of Chittoor-Thachur road to IRB Infrastructure Developers Limited. 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 |
IRB Infrastructure received a contract worth Rs. 1,755 crore (US$ 241.40 million) for 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 Bharatmala 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 Authority 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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