Page 2 - Irb Infrastructure Developers

IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

IRB Infra toll collection revenue grows 36% to Rs 374.81 cr in Jan

IRB Infrastructure Developers Ltd (IRB) on Friday said its revenue from toll collection grew 36 per cent to Rs 374.81 crore in January 2023. The toll collection stood at Rs 276.44 crore in January 2022, IRB said in a statement. "The consistently robust growth in toll revenue across all our projects over last year reflects economic stability that the country has achieved post-pandemic, and these corridors are playing a vital role in it," Virendra D Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers said. IRB has a track record of constructing, tolling, operating and maintaining around 15,500 lane km across India. IRB Infrastructure Developers is India's leading and one of the largest integrated infrastructure players in the highways sector.

IRB Infra dips 4% on profit-booking; board approves 1:10 stock split

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

IRB Infra soars 10%, most among A-group stocks, after 3x price target

Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock

IRB Infra net profit rises multi-fold to Rs 363 crore in June quarter

The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.

NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute

Amount is 75% of total award for Pathankot-Amritsar told road project, matches union cabinet guideline.

IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP

A consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in UP

IRB Infra Q4 net zooms 79% to Rs 175 cr; total income rises marginally

IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs 175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs 97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during the January-March 2022 quarter rose to Rs 1,682.72 crore from Rs 1,650.40 crore in the year-ago period. The firm's expenses stood at Rs 1,379.90 crore, as compared to Rs 1,474.27 crore a year ago. The company in a statement said that the financial numbers and toll collection numbers are clear indication of the economic activity regaining pace across the nation, post relaxation from the lockdown imposed as a result of COVID-19 pandemic. IRB Infrastructure Developers Ltd Chairman and Managing Director Virendra D Mhaiskar said, "We witnessed a robust growth in collections across projects as the pandemic related restrictions were relaxed and farmer's protest was .

Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

IRB Infra Developers' net profit rises 4.6% to Rs 72.7 cr in Dec quarter

IRB Infrastructure Developers Ltd reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021.

IRB Infra's arm executes concession pact for Rs 6,555-cr project in UP

IRB Infrastructure Developers on Thursday said its wholly-owned arm has executed a concession pact with UPEIDA for the Rs 6,555 crore 'Ganga Expressway' project in the state.

IRB Infra Developers raises Rs 5,347 crore via preferential issue of shares

Cintra has invested Rs 3,180 crore and Bricklayers Investment has invested Rs 2,167 crore

IRB Infrastructure eyes Rs 5,347 crore from GIC, Spain's Ferrovial

This is the largest fundraise by a road developer

IRB Infra logs Rs 42 cr profit in Jul-Sept, raises Rs 5,347 cr from 2 funds

IRB Infrastructure Developers on Tuesday reported a consolidated net profit of Rs 42 crore for the second quarter ended on September 30

IRB Infrastructure Developers wins highways project order in Tamil Nadu

IRB Infra said the company has won the bid for the construction of six lanes of 20 km Pondavakkam to Kannigaipair stretch on the upcoming Chittoor Thachur Highways

IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore

The firm's expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.

IRB Infrastructure Developers rallies 9% on winning two new PPP projects

The total order book of the company stands at Rs 14,509 crore, including construction order book of Rs 7,583 crore

IRB Infrastructure Developers to raise up to Rs 2,200 crore via NCD issue

IRB Infrastructure Developers on Wednesday said it will raise up to Rs 2,220 crore through issuance of non-convertible debentures

IRB Infra net profit declines 56% to Rs 69 cr in December quarter

IRB Infrastructure Developers' profit declined to to Rs 69.48 crore

Recovery in toll collections, order flows driving IRB Infra's prospects

Construction segment too may pick up in second half, but high debt still a concern