IRB Infrastructure

IRB Infrastructure Developers Ltd
Public company
Traded as
Industry Conglomerate
Founded Mumbai, India (1938)
Headquarters Mumbai, Maharashtra, India
Key people
 Virendra D. Mhaiskar (chairman & MD)
Services Engineering & Construction Projects
Revenue Increase₹17.54 billion (US$260 million)[1]
Total assets ₹20,399 million (US$300 million)[1]
Website www.irb.co.in

IRB Infrastructure Developers Ltd is an Indian highway construction company[2] headquartered in Mumbai.[3] It is part of the IRB Group. IRB Infrastructure, which executed the country's first build-operate-transfer (BOT) road project, is one of the largest operators of such ventures.[4] Currently it has about 3404.40 lane KM operational and about 2330.4 lane KM under development.[5] Among its notable projects are the Mumbai Pune Expressway and the Ahmedabad Vadodara Expressway[2][6]

In 2012, IRB acquired Tamil Nadu based BOT Road builder MVR Infrastructure and Tollways for ₹ 1.30 billion.[7][8]

Controversy

In May 2012, shares of the company fell after it was reported that the chairman Virendra Mhaiskar was being investigated by the CBI for possible involvement in the murder of RTI activist Satish Shetty, who had exposed irregularities involving forged documents in the companies township projects.The company and its management officials agreed to co-operate in the investigation process as they are certain about their non-involvement in the whole process [9][10][11]

Awards And Achievements

In 2009, IRB Infra won the bid to develop the greenfield Sindhudurg Airport in the Sindhudurg district of Maharashtra on a build-operate-transfer basis.[12][13]

IRB Infrastructure Developers Ltd. has been well acknowledged for its over-all excellence and proficiency in the form of various awards and accolades. Shri Virendra D. Mhaiskar, Chairman & Managing Director of IRB, was conferred with the “Young Turk of the Year” at the 6th Edition of CNBC TV 18 India Business Leader Awards on 11 December 2010 at Mumbai.[14] The company was conferred with the CNBC TV 18 Essar Steel Infrastructure Excellence Award for second time for its high quality work implemented on the Bharuch to Surat section of NH- 8 under Highways and Bridges Category. The company also bagged the CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai-Pune section of NH-4 in the year 2009.[15]

IRB Infrastructure Developers Ltd. bagged a contract worth Rs 2,100 crore from NHAI for a six-lane project in Rajasthan and Gujarat. The project is to be developed on design, built, finance, operate and transfer (DBFOT) under the National Highways Development Programme (NHDP) phase V.[16]

BOT (Build–Operate–Transfer) Projects

IRB Infrastructure Developers is one of the largest build, operate and transfer (BOT) toll road operators in India, 21 BOT road projects, out of which 13 projects are under operation.

Completed BOT Projects: Khambatki Ghat BOT Project, Bhiwandi Wada BOT Project, Kaman Paygon BOT Project

[17]

References

  1. 1 2 "IRB Infrastructure Developers". Indiainfoline.com. 3 May 2010. Retrieved 11 September 2010.
  2. 1 2 "IRB is driving in the fast lane of highway development". Business-standard.com. Retrieved 11 September 2010.
  3. ↑ "Contact Us - IRB Infrastructure Developers Ltd. | Roads | Bridges | Tunnels | Toll Plaza | Realty Business". Irb.co.in. Retrieved 6 May 2016.
  4. ↑ "IRB Infrastructure Developers: On the growth highway". Business-standard.com. Retrieved 11 September 2010.
  5. ↑ "IRB Infrastructure Developers". Indiainfoline.com. Retrieved 11 September 2010.
  6. ↑ "IRB ties in record BOT road deal". Thomson Reuters. 2012. Retrieved 21 July 2013.
  7. ↑ "IRB Infra buys MVR Tollways for Rs.130 cr". The Hindu. Mumbai. Press Trust of India. 9 May 2012. Retrieved 18 July 2012.
  8. ↑ "IRB Infra acquires MVR Tollways for Rs 130 crore". Economic Times. Mumbai. Press Trust of India. 9 May 2012. Retrieved 21 July 2012.
  9. ↑ "Murder probe spikes IRB Infra stock 11%". Mumbai. Press Trust of India. 4 May 2012. Retrieved 18 July 2012.
  10. ↑ "IRB Infra plunges as CBI summons its Chairman". Mumbai. The Hindu. 3 May 2012. Retrieved 22 July 2012.
  11. ↑ "IRB Infra shares plunge 15% as director faces polygraph test in murder case". NDTV. 3 May 2012. Retrieved 22 July 2012.
  12. ↑ "IRB Infra wins Sindhudurg airport bid". MoneyControl. 4 August 2009. Retrieved 18 July 2012.
  13. ↑ "Development Greenfield Airport in Sindhudurg District". IRB Infra. Retrieved 18 July 2012.
  14. ↑ "CNBC-TV18 Gives Away India Business Award 2010". bestmediainfo.com. Retrieved 14 December 2010.
  15. ↑ "About Irb Infrastructure Developers Limited". Indiamart. Retrieved 20 December 2010.
  16. ↑ "IRB infra bags Rs 2100 crore Rajasthan Gujarat Nhai project". Business Standard.
  17. ↑ "Completed BOT Projects". IRB.
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