Irb

High-security deployed in Haryana's Nuh for Braj Mandal Jalabhishek Yatra

Mobile internet and bulk SMS services have been temporarily suspended in Nuh district till July 22, 6 pm, the state government order said.

Samakhiyali Tollway to bring highway project in Gujarat at Rs 2,100 cr: IRB

Samakhiyali Tollway Private Limited, a special purpose vehicle of IRB Infrastructure Developers, will execute the Samakhiyali-Santalpur highway project in Gujarat with an outlay of Rs 2,092 crore, according to a statement on Thursday. The project is to be executed on Build Operate and Transfer (BOT) mode, IRB Infrastructure Developers (IRB) said in the statement. "Samakhiyali Tollway Private Limited has successfully achieved financial closure for its Samakhiyali Santalpur BOT highway project in Gujarat. The SPV is to execute the project with a cost outlay of Rs 2,092 crore... through IRB Infrastructure Trust," it said. The consortium of lenders has extended debt support of Rs 1,446 crore for the project while the remaining Rs 646 crore will be in the form of equity contributions and internal accruals from the concessionaire, the company added. Virendra D Mhaiskar, the company's Chairman & Managing Director, said, "After successful commencement of the Hyderabad Outer Ring Road ...

IRB Infra becomes the first company to list privately-placed InvIT

Private trust becomes first to get listed on NSE post SEBI guidelines

GIC to invest Rs 4,400 crore in road platform of IRB Infrastructure

The portfolio spans across assets in Haryana, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, and Karnataka

IRB InvIT Fund Rs 4,600-cr IPO subscribed 8.5 times

The initial offering of IRB infrastructure investment trust (Invit), India's first such offering, has garnered positive response from the investors. The issue was oversubscribed 8.5 times with strong demand coming from all categories of investors. Market participants said the success of IRB's Invit would encourage more infrastructure players to come up with their offerings in the next few months.The shares reserved for the institutional investors were oversubscribed a little more than ten times with 1.4 billion bids coming against 136.9 million units on offer. On the other hand, the portion for other investors including high networth individuals (HNIs) and corporates saw bids for 662.7 million units against 114 million on offer. The portion was oversubscribed 5.8 times."We are extremely with the response received for IRB InvIT IPO, the first issuance of its kind in the country. The issue saw good response from all categories of investors. This issuance opens up a new avenue in ...

IRB achieves financial closure for Agra-Etawah project

The project worth Rs 2,523-cr will be constructed in 910 days

Higher construction income hurts IRB

However, growth prospects seem unaffected; rival ITNL also sees moderation in profit growth