IRB Infrastructure Developers today said it has tied up a Rs 775 crore loan and with that, has completed all financial transactions for its road projects.
Two of the company's subsidiaries -- IRB Talegaon Amravati Tollway and IRB Goa Tollway -- have achieved financial closure for the projects awarded to it by the NHAI, with the tying-up of debt of Rs 475 crore and Rs 300 crore respectively, IRB Infrastructure said in a filing to the Bombay Stock Exchange.
A consortium of lenders comprising of Infrastructure Development Finance Company (IDFC), Canara Bank, Bank of Baroda and Union Bank of India has financed these projects, the filing added.
IDFC has financed Rs 380 crore in aggregate for these two projects while remaining part has been financed by other banks of the consortium, it said.
Shares of IRB Infrastructure today closed at Rs 256.40 on the BSE, down 2.40 per cent from the previous close.