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Latest Business Developments in IRB Infrastructure Developers

by Koushik Gope
Published: Last Updated on 0 comment

Sure, here are some of the latest business developments in IRB Infrastructure Developers:

  • Bagged Nehru ORR TOT project : IRB Infrastructure Developers has bagged the Nehru Outer Ring Road (ORR) TOT project in Hyderabad for Rs. 7,380 crore. The project has a concession period of 30 years.
  • Completed tolling on Nehru ORR TOT project : IRB Infrastructure Developers has completed tolling on the Nehru ORR TOT project in Hyderabad. The project is expected to generate an annual revenue of Rs. 1,200 crore.
  • Rated investment grade by CRISIL : IRB Infrastructure Developers has been rated investment grade by CRISIL. The rating is a positive for the company as it will make it easier for the company to raise funds.
  • Announced plans to expand its portfolio : IRB Infrastructure Developers has announced plans to expand its portfolio by adding new projects. The company is targeting to add projects worth Rs. 10,000 crore in the next few years.
  • Launched its own InvIT : IRB Infrastructure Developers has launched its own InvIT, called IRB Infrastructure Trust. The InvIT is expected to raise Rs. 5,000 crore.

These are just some of the latest business developments in IRB Infrastructure. The company is well-positioned to grow in the coming years, given its strong track record and its focus on expansion.

Here are some additional details about each of these developments:

  • Bagged Nehru ORR TOT project : The Nehru ORR TOT project is a major project in Hyderabad. The project will involve the construction of 120 km of toll roads. The project is expected to be completed in 2025.
  • Completed tolling on Nehru ORR TOT project : The tolling on the Nehru ORR TOT project commenced on August 12, 2023. The project is expected to generate an annual revenue of Rs. 1,200 crore.
  • Rated investment grade by CRISIL : IRB Infrastructure Developers has been rated investment grade by CRISIL with a rating of AA-. The rating is a positive for the company as it will make it easier for the company to raise funds.
  • Announced plans to expand its portfolio : IRB Infrastructure Developers has announced plans to expand its portfolio by adding new projects. The company is targeting to add projects worth Rs. 10,000 crore in the next few years. The company is looking to expand into new markets, such as the Middle East and Southeast Asia.
  • Launched its own InvIT : IRB Infrastructure Developers has launched its own InvIT, called IRB Infrastructure Trust. The InvIT is expected to raise Rs. 5,000 crore. The InvIT will invest in toll road projects.

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