MoneyWorks4Me

IRB Infra’s SPV achieves financial closure for Chittorgarh - Gulabpura project

16 Oct 2017 Evaluate

IRB Infrastructure Developers’ Special Purpose Vehicle (SPV) - CG Tollway has successfully achieved financial closure for its another BOT project of 6 laning of NH-79, Chittorgarh - Gulabpura Bypass. The SPV, basis the concession agreement signed and executed with National Highway Authority of India (NHAI) for this Rs 2,090 crore project, has tied up with the Consortium of lenders led by State Bank of India. Other members include Bank of India, Bank of Maharashtra, Canara Bank, Indian Overseas Bank, Andhra Bank and Aditya Birla Finance.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.


Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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