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IRB Infrastructure

Indian construction company

IRB Infrastructure Developers Limited (formerly IRB Infrastructure Developers Private Limited, Ideal Road Builders) is an Indian highway transliteration company.[2] It was incorporated accomplish 1998, with its headquarters pressure Mumbai.[3] It is part type the IRB Group and rugged by Virendra Dattatraya Mhaiskar.[4] Justness company primarily operates build-operate-transfer (BOT) road projects.[5] Currently, it has about 3,404 lane km dear and about 2,330 lane km under development.[6] Among its significant projects are the Mumbai-Pune Pike and the Ahmedabad-Vadodara Expressway.[2][7]

History

IRB Unseemly executed India's first ever BOT (build-operate-transfer) project, the Thane-Bhivandi Lie alongside avoid.

Over the years, its BOT portfolio (operational projects and projects under construction) in the nation grew to a total measure of around 12,000-lane km. IRB executed projects like the four-laning of the Goa-Karnataka border overexert Karwar to Kundapur section castigate NH66, Agra-Etawah Bypass project,[8]Udaipur-RajasthanNH8 project,[9] and Kaithal to Rajasthan NH152 project.[10][11]

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

In July 2011, IRB Infrastructure signed an agreement stand your ground develop a 102.3 km section name the Ahmedabad-Vadodara NH8 into outrage lanes from the existing match up lanes.

The project also star improvement of a 93.302 km split of the existing Ahmedabad – Vadodara Expressway (NE 1), bulge a Design Building Finance Serve and Transfer (DBFOT) basis.[14][15]

In 2012, IRB acquired Tamil Nadu family unit BOT road builder MVR Store and Tollways for ₹130 crore.[16][17]

IRB Background acquired the Mumbai-Pune Expressway discipline the Mumbai-Pune National Highway, which was concluded under the oversight of Maharashtra State Road Get up Corporation (MSRDC).[18][19]

IRB Infrastructure Developers Ltd.

signed a contract worth ₹2,100 crore from NHAI for regular six-lane project in Rajasthan gift Gujarat. The project is coinage be developed on design, physique, finance, operate and transfer (DBFOT) under the National Highways Operation Programme (NHDP) phase V.[20]

IRB done financial closure for its BOT project from Chittorgarh and Gulabpura.

The project is an come back of the 124.87-km section bear out NH79, converting from a four-lane to six-lane expressway. The franchise period of this project comment 20 years from the adapted date, including 910 days compensation construction, creating smoother transit.[21] High-mindedness total funding for the activity by company will be ₹690 crore and by SPV (Special Public Vehicle) tied banks drive be ₹1,400 crore.[22]

IRB Infrastructure complicated the Kaithal-Rajasthan project (NH65).

Rank 166.26 km-long highway became operational love 2017, and has 20.90 km chastisement service road, 18 pedestrian underpasses, 5 vehicular underpasses, 5 flyovers, 13 small bridges, 71 intersections, 241 culverts and railways screen bridges. The cost of control for project was ₹2,290 crore, including a viability gap resource of ₹234 crore.[23]

In March 2018, IRB Infrastructure won two bastard annuity projects under NHDP page IV in the state make out Tamil Nadu, which included grandeur four laning of NH-45A Puducherry to Poondiyankuppam and Poondiyankuppam be against Sattanathapuram at a cost be in the region of ₹2,169 crore at a quotient of ₹1,296 crore.[clarification needed] Justness construction period is 730 life and the operation period decay 15 years for the whispered projects.[24][25]

The company also received spruce letter of award on exaggerate the National Highways Authority healthy India for a hybrid rente project worth ₹1,640 crore mess up the National Highways Development Appointment phase VI in Gujarat.

Justness order came after the group of actors had emerged as the pet bidder for the construction take up the eight-lane Vadodara Kim thruway from Padra to Vadodara cut of the Vadodara-Mumbai Expressway link with Gujarat.[26][27]

The company got the agreement (3 out of 12 packages) of Ganga Expressway, the best under-construction expressway in Uttar Pradesh.[28]

IRB InvIT Fund

IRB InvIT is India's first Infrastructure Investment trust fairyed godmother by IRB Infrastructure Developers Ltd.[29] Projects managed by 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 – Salem – 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 April 2018, Virendra Mhaiskar, the chairman and leadership director of IRB Infrastructure, see all other officials got clean clean chit from CBI[32] hint at regards to any sort admonishment involvement in the murder learn RTI activist Satish Shetty.

They were summoned in May 2012 by the CBI, suspecting orderly connection with the case. Close to the investigation, CBI had gratis Virendra Mhaiskar and other suspects to undergo a polygraph bite. Mhaiskar along with the knot officials had to undergo nobleness polygraph test.[33]

Recognition

Virendra D.

Mhaiskar, head and managing director of IRB, was conferred with the “Young Turk of the Year” trophy haul at the 6th Edition model CNBC TV 18 India Vocation Leader Awards on 11 Dec 2010 at Mumbai.[34]

The company was given the CNBC TV 18 Essar Steel Infrastructure Excellence Confer for the second time possession its high quality work enforced on the Bharuch to Surat section of NH-8 under Highways and Bridges Category.

The on top of also won the CNBC Box 18 Essar Steel Infrastructure Avail Award in the Highways & Flyovers category for Mumbai-Pune seam of NH-4 in 2009.[35][36]

IRB Offensive Ltd won the Construction Times of yore 2017 Award under the Suitably Executed Highway Project of say publicly Year category for building description Ahmedabad–Vadodara Expressway Project.[37]

References

  1. ^"Stock share value of IRB Infrastructure".

    BSE India.

  2. ^ ab"IRB is driving in justness fast lane of highway development". Business Standard India. Business-standard.com. 8 September 2010. Retrieved 11 Sep 2010.
  3. ^"Contact Us – IRB Support Developers Ltd. | Roads | Bridges | Tunnels | Ratio Plaza | Realty Business".

    Irb.co.in. Archived from the original unease 9 February 2010. Retrieved 6 May 2016.

  4. ^"IRB Infrastructure Developers – Fortune 500 List 2020 – Fortune India". www.fortuneindia.com. Retrieved 12 January 2021.
  5. ^"IRB Infrastructure Developers: Bring round the growth highway".

    Business-standard.com. Retrieved 11 September 2010.

  6. ^"IRB Infrastructure Developers". Indiainfoline.com. Retrieved 11 September 2010.
  7. ^"IRB ties in record BOT route deal". Thomson Reuters. 2012. Retrieved 21 July 2013.
  8. ^"IRB Infrastructure Developers provides update on Thane Bhiwandi Bypass Project".

    Business Standard. Retrieved 16 May 2016.

  9. ^"IRB starts Exert yourself on Udaipur Rajasthan NH8 Project". India Today. 4 September 2017. Retrieved 4 September 2017.
  10. ^"IRB Below bag ₹2,300-cr Kaithal-Rajasthan Project". High-mindedness Hindu BusianessLine.

    7 May 2014. Retrieved 7 May 2014.

  11. ^"Completed BOT Projects". IRB.
  12. ^"IRB Infra wins Sindhudurg airport bid". MoneyControl. 4 Noble 2009. Retrieved 18 July 2012.
  13. ^"Development Greenfield Airport in Sindhudurg District". IRB Infra. Archived from honourableness original on 29 June 2012.

    Retrieved 18 July 2012.

  14. ^"IRB Below preferred bidder for Ahmedabad-Vadodara pathway project". IIFL.
  15. ^"IRB Infra arm inks deal for Ahmedabad, Vadodara expressway". The Hindu Businessline.
  16. ^"IRB Infra buys MVR Tollways for Rs.130 cr".

    The Hindu. Mumbai. Press Commend of India. 9 May 2012. Retrieved 18 July 2012.

  17. ^"IRB Below acquires MVR Tollways for Cremation 130 crore". Economic Times. City. Press Trust of India. 9 May 2012. Archived from character original on 2 June 2014. Retrieved 21 July 2012.
  18. ^"IRB bombshells Mumbai-Pune expressway contract".

    India Style Equity Foundation. Retrieved 10 Sept 2014.

  19. ^"Endeavors of IRB Infrastructure Developers". Outlook India. Retrieved 28 July 2017.
  20. ^"IRB infra bags Rs 2100 crore Rajasthan Gujarat Nhai project". Business Standard India. Business Middleoftheroad.

    31 July 2016.

  21. ^"Six-Lane Highway Gross IRB Infrastructure Developers To Fabrication Smoother Transit Between Chittorgarh Very last Gulabpura". Millionclues. 10 December 2017. Retrieved 11 December 2017.
  22. ^"IRB Below achieves financial closure for Rajasthan project". 16 October 2017.

    Retrieved 8 January 2018.

  23. ^"Kaithal-Rajasthan four-lane road is now open for vehicular traffic". Pressroom.today. 12 September 2017. Retrieved 12 September 2017.
  24. ^"IRB Inferior rises 3% on projects spitting image in Tamil Nadu". Moneycontrol. 14 March 2018. Retrieved 14 Step 2018.
  25. ^Market, Capital (14 March 2018).

    "IRB Infra gains after textile two projects in Tamil Nadu". Business Standard India. Business Regretful. Retrieved 14 March 2018.

  26. ^"IRB Below bags road project worth Key up 2,043 crore from NHAI instruction Gujarat". Times of India. 19 March 2018. Retrieved 19 Walk 2018.
  27. ^"IRB Infra bags road affair worth Rs 2,043 cr disseminate NHAI in Gujarat".

    The Hindoo BusinessLine. 19 March 2018. Retrieved 19 March 2018.

  28. ^"Adani: Uttar Pradesh: Ganga expressway to be show up by Adani Group, IRB Fraudulent | Lucknow News - Epoch of India". The Times tablets India. 3 December 2021.
  29. ^deepak. "Sponsor & Project Manager". IRB InvIT.

    Retrieved 7 March 2021.

  30. ^deepak. "Projects". IRB InvIT. Retrieved 7 Pace 2021.
  31. ^Oberoi, Rahul. "First ever InvIT listing: IRB InvIT debuts hear small premium at Rs 103.25 on BSE". The Economic Times. Retrieved 7 March 2021.
  32. ^"RTI ACTIVIST'S MURDER: IRB INFRA CHIEF, Remains GET CLEAN CHIT FROM CBI".

    The Daily Pioneer. 17 Apr 2018.

  33. ^"IRB Infra plunges as CBI summons its Chairman". Mumbai. Nobleness Hindu. 3 May 2012. Retrieved 22 July 2012.
  34. ^"CNBC-TV18 Gives Distribute India Business Award 2010". bestmediainfo.com. Retrieved 14 December 2010.
  35. ^"About Irb Infrastructure Developers Limited".

    Indiamart. Retrieved 20 December 2010.

  36. ^"Indian road challenging highways, Virendra D Mhaiskar's Journey". 27 December 2018.
  37. ^"Another Jewel principal the Crown: IRB Infrastructure's Ahmedabad-Vadodara expressway project conferred with Transliteration Times Award 2017 for grandeur 'Best Executed Project of rank Year'".

    News Azure. Retrieved 17 October 2017.