IRB Infrastructure Developers’ wholly-owned subsidiary - Kishangarh Gulabpura Tollway has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of project finance of Rs 1,020 crore.
The total cost of this project is Rs 1,526 crore, out of which equity contribution / Internal Accrual by the company will be Rs 506 crore and remaining, will be funded through Project Finance of Rs 1,020 crore. The average cost of debt for this project finance is approximately 10.20% per annum. A Consortium of Lenders comprising of State Bank of India - Lead Institution, Yes Bank, Bank of Maharashtra and IFCI have financed this project.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
