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February 2, 2024
IRB Infrastructure Developers Q3 FY24 Results Live : Revenue increased by 30.01% YoY & profit increased by 32.59% YoY
February 1, 2024
Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.
January 31, 2024
Finance Minister Nirmala Sitharaman will present the interim Budget, which will focus on government spending on infrastructure. The Narendra Modi governments spending on infrastructure has been growing at a 30% CAGR in the last 4 years. The government is expected to raise allocation towards rail, roads, and other infrastructure projects. Infrastructure-related companies in construction, cement, and steel could benefit from increased government spending. Railways capex is expected to further incr...
January 31, 2024
Q3 results today: Approximately 21 companies will release their Q3 quarter results today on January 31
January 31, 2024
The company had clocked a net profit of Rs 141.35 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing.
January 30, 2024
A short build-up was seen in 67 stocks including Coromandel International, Bajaj Finance, Chambal Fertilisers & Chemicals, Bharat Electronics, and Bajaj Finserv.
January 29, 2024
IRB Infrastructure Developers is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the project manager for YATL.
January 29, 2024
IRB will receive Rs 1,681 crore towards the compensation and is also entitled to receive further interest from the date of the award till the date of realisation of the compensation as per terms of the award.
January 29, 2024
An arbitration tribunal has asked the national highways authority of India (NHAI) to pay a compensation of Rs1,720 crore, including interest to Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle (SPV) of the IRB Infrastructure Trust, which is a private infrastructure investment trust (InvIT) associate of IRB Infrastructure Developers Ltd.
January 9, 2024
The Samakhiyali Santalpur BOT project in Gujarat started collecting toll from December 28 and will have a full quarters worth of revenue to contribute in the remaining months of FY24