Corporate News     21-Sep-23
IRB Infras achieves financial closure for Samakhiyali Santalpur BOT Project
IRB Infrastructure Developers announced that its SPV, Samakhiyali Tollway has achieved financial closure for the implementation of the Rs 2092 crore project of upgradation to Six Lane with paved Shoulder of NH-27 from Samakhiyali to Santalpur section from km. 339+200 to Km. 430+100 in the State of Gujarat on design, build, finance and transfer BOT (Toll) mode.

The Consortium of Lenders has extended debt support of Rs. 1,446 crore for the project; the rest will be in form of equity contributions and internal accruals from the concessionaire.

With this, the company has achieved Financial Closure for all projects in its portfolio and the focus going forward will be on execution and bidding for upcoming opportunities.

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