IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd Company History
IRB Infrastructure Developers is India’s leading integrated and first multi-national infrastructure developer in highways sector, with major presence in the Build-Operate-Transfer (BOT) space, carrying high pride to be part of India’s transformation.
2009
IRB has emerged as lowest bidder for a Jaipur Tonk Deoli BOT Project of NHAI
IRB wins the CNBC TV 18 Essar Steel Infrastructure Excellence Award
IRB hits a Four !!! emerged as lowest bidder for a Talegaon Amravati BOT Project of NHAI
2009
2010
The Company have received an official communication from the National Highways Authority of India (NHAI) by way of a Letter of Award whereby NHAI has accepted Company's Price Bid and has declared the Company as the "Selected Bidder" for the Project of Four Laning of Goal Karnataka Border to Panaji - Goa stretch of NH-4A from Km 84.000 to Km 153.070 in the State of Goa on BOT Toll Basis on DBFO pattern.
IRB Infrastructure Developers has bagged the six-laning of Tumkur-Chitradurga section of NH-4 in the state of Karnataka.
2010
2011
IRB Infra emerges preferred bidder for Ahmedabad to Vadodara highway project
2011
2012
IRB Infra has Acquired MVR Infrastructure & Tollways Pvt. Ltd
2012
2013
IRB Infrastructure Developers wins Rs. 1500 Cr project from Maharashtra Govt
2013
2014
IRB Infra receives letter of award for MSRDC project
IRB Infrastructure Developers Ltd has bagged Rs 2,300 crore road project in Haryana from National Highways Authority of India
2014
2015
IRB Infrastructure Developers Ltd Yedeshi Aurangabad Tollway Pvt. Ltd. wholly-owned Subsidiary of the Company
IRB Infra receives LOA for Agra -Etawah Bypass project
IRB executes agreement with NHAI for six laning project
AE Tollway Private Limited - Wholly-owned Subsidiary of the Company now executed Concession Agreement with NHAI
2015
2016
IRB Infra bags DBFOT road project in Rajasthan
IRB Infra bags road project from NHAI
2016
2017
IRB Infra the Company has completed the process of acquisition of remaining 26 per cent stake in M.V.R. Infrastructure And Tollways Pvt. Ltd.
IRB Infra received latter of award from National Highways Autority 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 Project under NHDP Phase VI in Tamil Nadu.
2017
2018
The company said its engineering, procurement and construction order book stands at about Rs 13,200 crore, including Rs 12,600 crore of construction order book,
IRB Infra ties up Rs 981 cr from lenders for Vadodara-Mumbai Expressway section
IRB Infra had bagged three projects under Hybrid Annuity Model in March 2018.
This is to inform you that IRB Hapur Moradabad Tollway Private Limited- Wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six Laning of Hapur bypass to Moradabad section including Hapur bypass from Km 50.000 (Design Ch. Km 50.000) to Km 148.277 (Design Ch. Km 149.867) of NH 24 (New NH-9) in the State of Uttar Pradesh on DBFOT basis under NHDP Phase V Project.
''The Company has received Letter of Acceptance (LOA) from Hyderabad Growth Corridor Limited (HGCL) for the project of ?Collection of user fee through an agency purely on temporary daily basis for Hyderabad Outer Ring Road for a length of 158 km in the state of Telangana, India?.Key highlights of the Project are as under:1. This gives the Company User Fee collection rights on temporary basis at Hyderabad Outer Ring Road. 2. The Contractual amount for the said Project is Rs. 87 Lacs per day for such period as may be agreed between HGCL and the Company. 3. The toll operation will commence by May 23, 2018 subject to the compliance of statutory formalities viz. submission of performance security, signing of contract as per the LOA. ''.
IRB Infrastructure Developers Limited has said that IRB PS Highway Private Limited and IRB PP Project Private Limited - wholly-owned subsidiaries of the company have executed concession agreement with National Highways Authority of India (NHAI) for two Hybrid Annuity Projects under NHDP Phase IV in the state of Tamil Nadu.
IRB Infrastructure Developers said that it has received LoA for a project in Uttar Pradesh.
2018
2019
Singapore's sovereign wealth fund GIC will invest up to Rs 4,400 crore in the road assets of IRB Infrastructure Developers, according to a company statement As part of the transaction, IRB will transfer 9 of its BOT (build, operate and transfer) assets into a private infrastructure investment trust in which IRB will hold controlling stake of 51 per cent, IRB.
IRB Infrastructure Trust - Private InvIT has successfully closed 2nd Tranche of fund raising by way of Rights Issue of Units amounting to Rs. 510 Crore. The Company being the Sponsor and 51% stakeholder, contributed Rs. 260 Crore and the GIC Affiliates holding 49% have contributed balance Rs. 250 Crore. This is part of the total commitment of Rs. 4,400 Crore by GIC affiliates towards 49% stake in Pvt InvIT housing 9 BOT assets, out of which IRB Infrastructure Trust has already receive 3,753 Crores from GIC affiliates in February, 2020.
Further the Company will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust.
2019
2021
The Company has emerged as the Selected Bidder for the Project of Development of Access Controlled Six Lane (Expandable to Eight Lane) Greenfield ''Ganga Expressway'' Group-I, from Km. 7+900 (Village: Bijoli, Distt: Meerut) to Km. 137+600, (Village: Nagla Barah, Distt: Budaun), Design length 129.700 Km in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP and have received Letter of Award (LOA) dated December 16, 2021 from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
IRB INFRASTRUCTURE DEVELOPERS LTD.has informed that the meeting of the Company is scheduled on 26/10/2021 ,inter alia, to consider and approve In continuation to our earlier intimation dated October 20, 2021 and pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations, also consider and approve, inter alia, a proposal of fund raising by way of issue of equity shares/ bonds/ debentures/ non-convertible debt instruments/ securities and/or any other instruments/ any other securities including through preferential issue on a private placement basis, qualified institutions placement, rights issue or any other methods or combination thereof including determination of issue price as may be permitted under applicable laws, subject to such regulatory or statutory approvals as may be required and the approval of the shareholders of the Company.
RB Infrastructure Developers Limited has informed that regarding ''IRB Infrastructure Trust Private InvIT has successfully closed fund raising by way of Rights Issue of Units amounting to Rs. 381.63 Crores from existing unitholders. The Company being the Sponsor and 51% unitholder of the Private InvIT, invested Rs. 194.63 Crores and GIC Affiliates holding 49% units have invested Rs. 187.00 Crores''.
2021
2022
IRB Infra achieves financial closure for Rs 6538 cr Ganga Expressway project.
2022
2023
The Company has splits its face value from Rs. 10/- to Rs. 1/-.
IRB Infra SPV receives Appointed Date from the NHAI for its Samakhiyali Santalpur BOT Project in the State of Gujarat.
IRB Infrastructure Trust receives the Letter of Award (LoA) from NHAI for Rs. 4,428 Crs Lalitpur-Lakhnadon NH44
RB Infra emerges as the successful bidder and has received LOA for Hyderabad Outer Ring Road TOT Project in the State of Telangana.
IRB Infra SPV receives appointed date from NHAI for Chittoor Thachur Hybrid Annuity Project in Tamil Nadu.
2023