IRB Infrastructure Developers

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

IRB Infrastructure Developers Ltd (IRB) on Friday said its revenue from toll collection grew 36 per cent to Rs 374.81 crore in January 2023. The toll collection stood at Rs 276.44 crore in January 2022, IRB said in a statement. "The consistently robust growth in toll revenue across all our projects over last year reflects economic stability that the country has achieved post-pandemic, and these corridors are playing a vital role in it," Virendra D Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers said. IRB has a track record of constructing, tolling, operating and maintaining around 15,500 lane km across India. IRB Infrastructure Developers is India's leading and one of the largest integrated infrastructure players in the highways sector.

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock

The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.

Amount is 75% of total award for Pathankot-Amritsar told road project, matches union cabinet guideline.

A consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in UP

IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs 175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs 97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during the January-March 2022 quarter rose to Rs 1,682.72 crore from Rs 1,650.40 crore in the year-ago period. The firm's expenses stood at Rs 1,379.90 crore, as compared to Rs 1,474.27 crore a year ago. The company in a statement said that the financial numbers and toll collection numbers are clear indication of the economic activity regaining pace across the nation, post relaxation from the lockdown imposed as a result of COVID-19 pandemic. IRB Infrastructure Developers Ltd Chairman and Managing Director Virendra D Mhaiskar said, "We witnessed a robust growth in collections across projects as the pandemic related restrictions were relaxed and farmer's protest was .

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

IRB Infrastructure Developers Ltd reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021.

IRB Infrastructure Developers on Thursday said its wholly-owned arm has executed a concession pact with UPEIDA for the Rs 6,555 crore 'Ganga Expressway' project in the state.

Cintra has invested Rs 3,180 crore and Bricklayers Investment has invested Rs 2,167 crore

This is the largest fundraise by a road developer

IRB Infrastructure Developers on Tuesday reported a consolidated net profit of Rs 42 crore for the second quarter ended on September 30

IRB Infra said the company has won the bid for the construction of six lanes of 20 km Pondavakkam to Kannigaipair stretch on the upcoming Chittoor Thachur Highways

The firm's expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.

The total order book of the company stands at Rs 14,509 crore, including construction order book of Rs 7,583 crore

IRB Infrastructure Developers on Wednesday said it will raise up to Rs 2,220 crore through issuance of non-convertible debentures

IRB Infrastructure Developers' profit declined to to Rs 69.48 crore

Construction segment too may pick up in second half, but high debt still a concern