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IRB Infrastructure’s arm achieves financial closure of Rs 1,650 crore

22 Jun 2016 Evaluate

IRB Infrastructure Developers’ wholly-owned subsidiary -- AE Tollway -- has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs 1,650 crore. The total cost of this project is Rs 2,523 crore out of which equity contribution by the company will be Rs 873 crore and remaining will be funded through Project finance of Rs 1,650 crore. The average cost of debt of this Project finance is around 11.25% p.a.

A Consortium of Lenders comprising of IDBI Bank- Lead Institution, India Infrastructure Finance Company (IIFCL), Bank of India, Bank of Maharashtra, UCO Bank, Andhra Bank and Punjab National Bank have financed this project.

IRB Infra.&Developer Share Price

21.43 -0.24 (-1.11%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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