IRB Infrastructure Developers’ Wholly-owned Subsidiary- Solapur Yedeshi Tollway has executed Concession Agreement with NHAI for the project of Four Laning of Solapur to Yedeshi section of NH-211 from km 0.000 to km 100.000 (Design Length 98.717 km) in the State of Maharashtra under NHDP Phase IV on Design, Build, Finance, Operate and Transfer (DBFOT) (Toll) Basis.
The estimated Project Cost of the Company is approximately Rs. 1500 crore. The Concession period for the Project is 29 years. The construction is scheduled to be completed in 910 Days. IRB has sought Rs. 189 crore as Viability Gap Funding from NHAI.
The company’s Wholly-owned Subsidiary - IRB Westcoast Tollway has received Appointed Date from NHAI in terms of the Concession Agreement executed with NHAI for the project of Four Laning of Goa/Karnataka Border to Kundapur section of NH-17 from Km 93.700 to Km 283.300 in the State of Karnataka under NHDP phase IV on Design, Build, Finance, Operate and Transfer (Toll) Basis (the Project). Subsequently, the SPV has commenced construction on the Project.
The estimated Project Cost of the Company is approximately Rs. 2639 crore. The Concession period for the Project is 28 years. The construction is scheduled to be completed in 910 Days. IRB has sought Rs. 536 crore as Viability Gap Funding from NHAI. Achieved Financial Closure and tied up Project finance of Rs. 1,406 crore from a Consortium of Public Sector Banks.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4143.95 |
| Kalpataru Projects | 1369.95 |
| Rail Vikas Nigam | 235.95 |
| NCC | 148.10 |
| KEC International | 521.40 |
| View more.. | |
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