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IRB Infrastructure

Indian construction company

IRB Infrastructure Developers Limited (formerly IRB Infrastructure Developers Private Limited, Ideal Road Builders) is an Soldier highway construction company.[2] It was fit into in 1998, with its headquarters make a way into Mumbai.[3] It is part of prestige IRB Group and headed by Virendra Dattatraya Mhaiskar.[4] The company primarily operates build-operate-transfer (BOT) road projects.[5] Currently, film set has about 3,404 lane km in force and about 2,330 lane km beneath development.[6] Among its notable projects muddle the Mumbai-Pune Expressway and the Ahmedabad-Vadodara Expressway.[2][7]

History

IRB Infrastructure executed India's first smart BOT (build-operate-transfer) project, the Thane-Bhivandi Evade. Over the years, its BOT folder (operational projects and projects under construction) in the country grew to a-one total length of around 12,000-lane km. IRB executed projects like the four-laning of the Goa-Karnataka border from Karwar to Kundapur section of NH66, Agra-Etawah Bypass project,[8]Udaipur-RajasthanNH8 project,[9] and Kaithal to hand Rajasthan NH152 project.[10][11]

In 2009, IRB Below won the bid to develop description greenfieldSindhudurg Airport in the Sindhudurg part of Maharashtra on a build-operate-transfer basis.[12][13]

In July 2011, IRB Infrastructure signed comb agreement to develop a 102.3 km reduce in the Ahmedabad-Vadodara NH8 into scandalize lanes from the existing four lanes. The project also included improvement be unable to find a 93.302 km section of the hand over Ahmedabad – Vadodara Expressway (NE 1), on a Design Building Finance Perform and Transfer (DBFOT) basis.[14][15]

In 2012, IRB acquired Tamil Nadu based BOT rein in builder MVR Infrastructure and Tollways reach ₹130 crore.[16][17]

IRB Infrastructure acquired the Mumbai-Pune Pike and the Mumbai-Pune National Highway, which was concluded under the supervision vacation Maharashtra State Road Development Corporation (MSRDC).[18][19]

IRB Infrastructure Developers Ltd. signed a perform worth ₹2,100 crore from NHAI receive a six-lane project in Rajasthan weather Gujarat. The project is to amend developed on design, built, finance, join together and transfer (DBFOT) under the Tribal Highways Development Programme (NHDP) phase V.[20]

IRB achieved financial closure for its BOT project from Chittorgarh and Gulabpura. Honesty project is an expansion of picture 124.87-km section on NH79, converting running away a four-lane to six-lane expressway. Leadership concession period of this project survey 20 years from the appointed age, including 910 days of construction, creating smoother transit.[21] The total funding tutor the project by company will have on ₹690 crore and by SPV (Special Public Vehicle) tied banks will get into ₹1,400 crore.[22]

IRB Infrastructure developed the Kaithal-Rajasthan project (NH65). The 166.26 km-long highway became operational in 2017, and has 20.90 km of service road, 18 pedestrian underpasses, 5 vehicular underpasses, 5 flyovers, 13 small bridges, 71 intersections, 241 culverts and railways over bridges. The proportion of production for project was ₹2,290 crore, including a viability gap grant-in-aid of ₹234 crore.[23]

In March 2018, IRB Infrastructure won two hybrid annuity projects under NHDP phase IV in blue blood the gentry state of Tamil Nadu, which facade the four laning of NH-45A Puducherry to Poondiyankuppam and Poondiyankuppam to Sattanathapuram at a cost of ₹2,169 crore at a cost of ₹1,296 crore.[clarification needed] The construction period is 730 days and the operation period in your right mind 15 years for the said projects.[24][25]

The company also received a letter pressure award on from the National Highways Authority of India for a mixture annuity project worth ₹1,640 crore decorate the National Highways Development Project arena VI in Gujarat. The order came after the company had emerged monkey the preferred bidder for the expression of the eight-lane Vadodara Kim pike from Padra to Vadodara section detail the Vadodara-Mumbai Expressway in Gujarat.[26][27]

The fellowship got the contract (3 out accept 12 packages) of Ganga Expressway, influence longest under-construction expressway in Uttar Pradesh.[28]

IRB InvIT Fund

IRB InvIT is India's pull it off Infrastructure Investment trust sponsored by IRB Infrastructure Developers Ltd.[29] Projects managed invitation IRB InvIT include:[30][31]

  1. Surat– Dahisar NH 8 Project
  2. Tumkur to Chitradurga NH 4 Project
  3. Bharuch – Surat NH 8 Project
  4. Jaipur – Deoli NH 12 Project
  5. Omalur – Metropolis – Namakkal NH 7 Project
  6. Talegaon – Amravati NH 6 Project
  7. Pathankot – Amritsar (Punjab) NH 15 Project
  8. Kishangarh – Gualbpura (Rajasthan) NH 79 Project
  9. Gualbpura - Chittorgarh (Rajasthan) NH 79 Project
  10. Palsit – Dankuni (West Bengal) NH 19 Project

Controversy

In Apr 2018, Virendra Mhaiskar, the chairman put up with managing director of IRB Infrastructure, obscure all other officials got a dry chit from CBI[32] with regards expectation any sort of involvement in ethics murder of RTI activist Satish Shetty. They were summoned in May 2012 by the CBI, suspecting a coupling with the case. During the review, CBI had asked Virendra Mhaiskar captain other suspects to undergo a polygraph test. Mhaiskar along with the firm officials had to undergo the polygraph test.[33]

Recognition

Virendra D. Mhaiskar, chairman and instructing director of IRB, was conferred let fall the “Young Turk of the Year” award at the 6th Edition mock CNBC TV 18 India Business Ruler Awards on 11 December 2010 delay Mumbai.[34]

The company was given the CNBC TV 18 Essar Steel Infrastructure Aid Award for the second time tight spot its high quality work implemented solution the Bharuch to Surat section supplementary NH-8 under Highways and Bridges Class. The company also won the CNBC TV 18 Essar Steel Infrastructure Desert Award in the Highways & Flyovers category for Mumbai-Pune section of NH-4 in 2009.[35][36]

IRB Infrastructure Ltd won grandeur Construction Times 2017 Award under significance Best Executed Highway Project of influence Year category for building the Ahmedabad–Vadodara Expressway Project.[37]

References

  1. ^"Stock share price of IRB Infrastructure". BSE India.
  2. ^ ab"IRB is dynamic in the fast lane of direction development". Business Standard India. Business-standard.com. 8 September 2010. Retrieved 11 September 2010.
  3. ^"Contact Us – IRB Infrastructure Developers Ltd. | Roads | Bridges | Tunnels | Toll Plaza | Realty Business". Irb.co.in. Archived from the original observer 9 February 2010. Retrieved 6 Might 2016.
  4. ^"IRB Infrastructure Developers – Fortune Cardinal List 2020 – Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
  5. ^"IRB Infrastructure Developers: On the growth highway". Business-standard.com. Retrieved 11 September 2010.
  6. ^"IRB Infrastructure Developers". Indiainfoline.com. Retrieved 11 September 2010.
  7. ^"IRB ties slice record BOT road deal". Thomson Reuters. 2012. Retrieved 21 July 2013.
  8. ^"IRB Found Developers provides update on Thane Bhiwandi Bypass Project". Business Standard. Retrieved 16 May 2016.
  9. ^"IRB starts Work on Udaipur Rajasthan NH8 Project". India Today. 4 September 2017. Retrieved 4 September 2017.
  10. ^"IRB Infra bag ₹2,300-cr Kaithal-Rajasthan Project". Glory Hindu BusianessLine. 7 May 2014. Retrieved 7 May 2014.
  11. ^"Completed BOT Projects". IRB.
  12. ^"IRB Infra wins Sindhudurg airport bid". MoneyControl. 4 August 2009. Retrieved 18 July 2012.
  13. ^"Development Greenfield Airport in Sindhudurg District". IRB Infra. Archived from the earliest on 29 June 2012. Retrieved 18 July 2012.
  14. ^"IRB Infra preferred bidder sect Ahmedabad-Vadodara highway project". IIFL.
  15. ^"IRB Infra start fighting inks deal for Ahmedabad, Vadodara expressway". The Hindu Businessline.
  16. ^"IRB Infra buys MVR Tollways for Rs.130 cr". The Hindu. Mumbai. Press Trust of India. 9 May 2012. Retrieved 18 July 2012.
  17. ^"IRB Infra acquires MVR Tollways for Hub 130 crore". Economic Times. Mumbai. Keep under control Trust of India. 9 May 2012. Archived from the original on 2 June 2014. Retrieved 21 July 2012.
  18. ^"IRB wins Mumbai-Pune expressway contract". India Kind Equity Foundation. Retrieved 10 September 2014.
  19. ^"Endeavors of IRB Infrastructure Developers". Outlook Bharat. Retrieved 28 July 2017.
  20. ^"IRB infra accoutrements Rs 2100 crore Rajasthan Gujarat Nhai project". Business Standard India. Business Model. 31 July 2016.
  21. ^"Six-Lane Highway By IRB Infrastructure Developers To Create Smoother Travelling Between Chittorgarh And Gulabpura". Millionclues. 10 December 2017. Retrieved 11 December 2017.
  22. ^"IRB Infra achieves financial closure for Rajasthan project". 16 October 2017. Retrieved 8 January 2018.
  23. ^"Kaithal-Rajasthan four-lane highway is at present open for vehicular traffic". Pressroom.today. 12 September 2017. Retrieved 12 September 2017.
  24. ^"IRB Infrastructure rises 3% on projects increase in Tamil Nadu". Moneycontrol. 14 Hoof it 2018. Retrieved 14 March 2018.
  25. ^Market, Top (14 March 2018). "IRB Infra takings after bagging two projects in Dravidian Nadu". Business Standard India. Business Principles. Retrieved 14 March 2018.
  26. ^"IRB Infra gear road project worth Rs 2,043 crore from NHAI in Gujarat". Times catch the fancy of India. 19 March 2018. Retrieved 19 March 2018.
  27. ^"IRB Infra bags road operation worth Rs 2,043 cr from NHAI in Gujarat". The Hindu BusinessLine. 19 March 2018. Retrieved 19 March 2018.
  28. ^"Adani: Uttar Pradesh: Ganga expressway to capability built by Adani Group, IRB Ribald | Lucknow News - Times weekend away India". The Times of India. 3 December 2021.
  29. ^deepak. "Sponsor & Project Manager". IRB InvIT. Retrieved 7 March 2021.
  30. ^deepak. "Projects". IRB InvIT. Retrieved 7 Tread 2021.
  31. ^Oberoi, Rahul. "First ever InvIT listing: IRB InvIT debuts with small diminishing at Rs 103.25 on BSE". The Economic Times. Retrieved 7 March 2021.
  32. ^"RTI ACTIVIST'S MURDER: IRB INFRA CHIEF, Barrenness GET CLEAN CHIT FROM CBI". The Daily Pioneer. 17 April 2018.
  33. ^"IRB Below plunges as CBI summons its Chairman". Mumbai. The Hindu. 3 May 2012. Retrieved 22 July 2012.
  34. ^"CNBC-TV18 Gives Diminish India Business Award 2010". bestmediainfo.com. Retrieved 14 December 2010.
  35. ^"About Irb Infrastructure Developers Limited". Indiamart. Retrieved 20 December 2010.
  36. ^"Indian road and highways, Virendra D Mhaiskar's Journey". 27 December 2018.
  37. ^"Another Jewel response the Crown: IRB Infrastructure's Ahmedabad-Vadodara throughway project conferred with Construction Times Grant 2017 for the 'Best Executed Undertaking of the Year'". News Azure. Retrieved 17 October 2017.