Capitaline

Corporate News 10-Dec-21

IRB Infrastructure Developers achieves financial closure for road project in Himachal Pradesh

IRB Infrastructure Developers announced that Pathankot Mandi Highway, Wholly-owned Subsidiary of the Company (“the SPV”), has achieved financial closure for the Project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border to Mo from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH-154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM) (Package-IA).

Project length - 28.7 Kms
NHAI Bid Project Cost - Rs 758.04 crore
Company's Bid Project Cost - Rs 828 crore
1st Year O&M quote - Rs 2.88 crore
Company's Bid Price (NPV of Company's Bid Project Cost & O&M Cost over the Concession Period - Rs 778.64 crore
Construction and Operation Period - Construction Period of 730 Days & Operation Period of 15 (Fifteen) years commencing from COD
Means of Finance - Project involves a grant of Rs. 331 crore from NHAI, equity of Rs. 124 crore from the Company and Project Financing of Rs. 373 crore from the lenders.

Previous News

Benchmarks pare gains, private bank shares decline
( Market Commentary - Mid-Session 08-May-24 14:43 )

IRB Infra board to mull stock split on 4 Jan
( Hot Pursuit - 20-Dec-22 08:44 )

IRB Infrastructure Developers to conduct board meeting
( Corporate News - 20-Dec-22 10:11 )

IRB Infrastructure Developers allots NCDs aggregating Rs 350 cr
( Corporate News - 30-Sep-21 21:36 )

IRB Infrastructure Developers to hold board meeting
( Corporate News - 17-Jan-24 11:41 )

IRB Infra gains as toll collections jumps 37% YoY in September 2022
( Hot Pursuit - 11-Oct-22 12:57 )

IRB Infrastructure Developers reports consolidated net profit of Rs 71.91 crore in the June 2021 quarter
( Results - Announcements 10-Aug-21 17:34 )

IRB receives license from DGCA to operate Sindhudurg Airport
( Corporate News - 18-Sep-21 12:16 )

IRB Infrastructure Developers reports consolidated net loss of Rs 30.14 crore in the June 2020 quarter
( Results - Announcements 24-Aug-20 16:38 )

IRB Infra slips after Q4 PAT drops 37% YoY
( Hot Pursuit - 28-May-21 09:44 )

IRB Infrastructure Developers update on Vadodara Mumbai Expressway project
( Corporate News - 15-Sep-20 17:48 )