IRB Infrastructure Developers has recommenced the operations and collection of toll at Kolhapur toll booths with effect from February 05, 2014. The operations and the toll collection have been disrupted due to Maharashtra Navnirman Sena’s agitations across the state. The company collected around Rs 2 crore in the last quarter on the project.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
The company has reported 48.41% fall in its net profit at Rs 25.51 crore for Q3FY14 as compared to Rs 49.45 crore for the same quarter in the previous year. However, Total income from operations of the company has increased by 15.63% at Rs 581.18 crore for quarter under review as compared to Rs 502.59 crore for the quarter ended December 31, 2012.