IRB Infrastructure Developers Limited, (BSE: 532947), one of the largest toll road operating companies in India, won the Essar Steel Infrastructure Excellence Award for the Mumbai-Pune section of NH 4 under the highways and flyovers category.
Speaking about the award, Mr. Virendra Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited said, “We are quite pleased to bag the Essar Steel Infrastructure Excellence Award for our work on the Mumbai-Pune section of NH-4. Our substantial portfolio in the highways and flyovers sector is sure to translate into continued growth and steady revenues in the future.”
The 4-laning and improvement of Mumbai-Pune section NH-4, a stretch of 206km. including the 95km expressway, was completed at a total cost of Rs.13,016.40 lacs. Recently, IRB commenced work on the development and management of the Surat-Dahisar section of NH-8.
Jointly initiated by E18 and Essar Steel, in association with CNBC TV18, the awards were instituted to felicitate infrastructure companies for excellence and strategic initiatives in infrastructure projects under categories like highways & flyovers, railways, airports, ports, energy & power, oil & gas, telecom and urban infrastructure.
“We are currently involved in 12 BOT projects in the roads and highways sector. Out of these projects, 11 projects are in the “operational” phase, i.e., engineering, procurement and construction phases have been completed on these projects and the project SPVs are currently earning revenues from toll collection under the relevant concession agreements,” Mr. Mhaiskar added.
About IRB Infrastructure Developers Ltd.
IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with significant experience in the roads and highways sector. The Company is one of the largest private developers in western India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of completed and operational BOT projects in the roads infrastructure sector. BOT projects comprise over 95% of IRB’s Rs. 6100 crores order book.
