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IRB Infrastructure’s SPV achieves full COD for highway project in Rajasthan

21 Jul 2022 Evaluate

Kishangarh Gulabpura Tollway, an SPV of IRB Infrastructure Developers, now part of IRB Infrastructure Trust - Private InvIT, has achieved full COD (commercial operation date) for Kishangarh - Gulabpura six laning highway project in Rajasthan.

The National Highway Authority of India (NHAI) has issued Completion Certificate to the Company. With this, the Company is now eligible for collecting toll fees at full tariffs, which is approximately higher by 78% than that of the existing toll tariffs.

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

Peers
Company Name CMP
Larsen & Toubro 3670.00
Kalpataru Projects 1312.95
NCC 115.65
Rail Vikas Nigam 181.00
KEC International 331.70
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