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IRB Infrastructure Developers Ltd receives LOA from NHAI for two new PPP projects

IRB Infrastructure Developers Ltd receives LOA from NHAI for two new PPP projects
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IRB Infrastructure achieves financial closure of Gandeva - Ena HAM project in Gujarat

The VM7 Expressway, a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers, India s leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat. The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII) Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain co

IRB Infra net profit declines 56% to Rs 69 cr in December quarter

IRB Infrastructure Developers Ltd on Monday reported a 56 per cent decline in its consolidated net profit to Rs 69.48 crore for the quarter ended December 31, 2020. The company had clocked a Rs 159.73-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2020 fell to Rs 1,594.80 crore, from Rs 1,790.17 crore in the year-ago period. The firm s expenses stood at Rs 1,459.32 crore, lower as compared with Rs 1,534.36 crore a year ago. In a statement, the company said, It has bounced back to post the net profit of Rs 69 crore in the third quarter of 2020-21, leaving behind the adverse impact of the COVID-19 pandemic on operations in initial quarters of 2020-21.

IRB Infra s SPV achieves Financial Closure for Gandeva - Ena HAM Project

IRB Infra s SPV achieves Financial Closure for Gandeva - Ena HAM Project Posted On: 2021-01-18 04:23:49 (Time Zone: Arizona, USA) The VM7 Expressway Pvt. Ltd., a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers Ltd., India s leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat. The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII) While commenting on the development Mr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, This is our second debt tie-up in the challenging environment caused due to the COVID-19 pandemic outbreak. Six months ago, in a rather tougher environment, we had achieved the financial closure with the single largest debt commitment by any Indian Bank, for our Mumbai Pune Expressway TOT project. Post VM7, we don

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