IRB Infrastructure's arm achieves financial closure for Rs 1,319 crore road project

28 Sep 2018

IRB Infrastructure Developers’ Wholly-owned Subsidiary (SPV)--IRB PP Project has achieved financial closure for its Rs 1,319 crore four-laning project of the Puducherry to Poondiyankuppam Section within the timeline as specified in the concession agreement executed for the Project.

The project will be receiving a financial support of Rs 543 crore from the NHAI, an equity contribution of Rs 159 crore and project finance of Rs 617 crore from lenders.

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

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