IRB Infrastructure

IRB Infrastructure executed India's first ever BOT (build-operate-transfer) project, the Thane-Bhivandi Bypass. Over the years, its BOT portfolio (operational projects and projects under construction) in the country grew to a total length of around 12,000-lane km. IRB executed projects like the four-laning of the Goa-Karnataka border from Karwar to Kundapur section of NH66, Agra-Etawah Bypass project,{{cite web|url=http://www.business-standard.com/article/news-cm/irb-infrastructure-developers-provides-update-on-thane-bhiwandi-bypass-project-117051601426_1.html|title=IRB Infrastructure Developers provides update on Thane Bhiwandi Bypass Project|publisher=Business Standard|access-date=May 16, 2016}} Udaipur-Rajasthan NH8 project,{{cite web|url=http://indiatoday.intoday.in/story/irb-starts-work-on-udaipur-rajasthan-gujarat-highway-project/1/1040626.html|title=IRB starts Work on Udaipur Rajasthan NH8 Project|date=4 September 2017 |publisher=India Today|access-date=September 4, 2017}} and Kaithal to Rajasthan NH152 project.{{cite web|url=http://www.thehindubusinessline.com/companies/irb-infra-bags-rs-2300cr-kaithalrajasthan-project/article5985090.ece|title=IRB Infra bag ₹2,300-cr Kaithal-Rajasthan Project|date=7 May 2014 |publisher=The Hindu BusianessLine|access-date=May 7, 2014}}{{cite web|url=http://www.irb.co.in/toll_completed.aspx|title=Completed BOT Projects|publisher=IRB}}

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.{{cite news|url=http://www.moneycontrol.com/news/business/irb-infra-wins-sindhudurg-airport-bid_409704.html|title=IRB Infra wins Sindhudurg airport bid|date=4 August 2009|access-date=18 July 2012|agency=MoneyControl}}{{Cite web|url=http://www.irb.co.in/airport.aspx|title=Development Greenfield Airport in Sindhudurg District|work=IRB Infra|access-date=18 July 2012|archive-url=https://web.archive.org/web/20120629053432/http://www.irb.co.in/airport.aspx|archive-date=29 June 2012|url-status=dead}}

In July 2011, IRB Infrastructure signed an agreement to develop a 102.3 km section in the Ahmedabad-Vadodara NH8 into six lanes from the existing four lanes. The project also included improvement of a 93.302 km section of the existing Ahmedabad – Vadodara Expressway (NE 1), on a Design Building Finance Operate and Transfer (DBFOT) basis.{{Cite news|url=https://www.indiainfoline.com/article/news-top-story/irb-infra-preferred-bidder-for-ahmedabad-vadodara-highway-project-113101906612_1.html|title=IRB Infra preferred bidder for Ahmedabad-Vadodara highway project|work=IIFL}}{{Cite news|url=https://www.thehindubusinessline.com/economy/logistics/irb-infra-arm-inks-deal-for-ahmedabad-vadodara-expressway/article20309828.ece1|title=IRB Infra arm inks deal for Ahmedabad, Vadodara expressway|work=The Hindu Businessline}}

In 2012, IRB acquired Tamil Nadu based BOT road builder MVR Infrastructure and Tollways for {{INR}}130 crore.{{cite news|title=IRB Infra buys MVR Tollways for Rs.130 cr| url=http://www.thehindu.com/business/article3401348.ece|date=9 May 2012|agency=Press Trust of India|location=Mumbai|work=The Hindu|access-date=18 July 2012}}{{cite news|title=IRB Infra acquires MVR Tollways for Rs 130 crore| url=http://articles.economictimes.indiatimes.com/2012-05-09/news/31641859_1_toll-collection-bot-construction-cost| archive-url=https://web.archive.org/web/20140602200850/http://articles.economictimes.indiatimes.com/2012-05-09/news/31641859_1_toll-collection-bot-construction-cost| url-status=dead| archive-date=2 June 2014|date=9 May 2012|agency=Press Trust of India|location=Mumbai|work=Economic Times|access-date=21 July 2012}}

IRB Infrastructure acquired the Mumbai-Pune Expressway and the Mumbai-Pune National Highway, which was concluded under the supervision of Maharashtra State Road Development Corporation (MSRDC).{{cite web|url=https://www.ibef.org/news/irb-wins-mumbai-pune-expressway-contract|title=IRB wins Mumbai-Pune expressway contract|publisher=India Brand Equity Foundation|access-date=September 10, 2014}}{{cite web|url=https://www.outlookindia.com/outlookmoney/investment-ideas/endeavors-of-irb-infrastructure-developers-2019|title=Endeavors of IRB Infrastructure Developers|publisher=Outlook India|access-date=July 28, 2017}}

IRB Infrastructure Developers Ltd. signed a contract worth ₹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.{{cite news|url=http://www.business-standard.com/article/companies/irb-infra-bags-rs-2-100-crore-rajasthan-gujarat-nhai-project-116073100206_1.html|title= IRB infra bags Rs 2100 crore Rajasthan Gujarat Nhai project |newspaper= Business Standard India |date= 31 July 2016 |publisher=Business Standard}}

IRB achieved financial closure for its BOT project from Chittorgarh and Gulabpura. The project is an expansion of the 124.87-km section on NH79, converting from a four-lane to six-lane expressway. The concession period of this project is 20 years from the appointed date, including 910 days of construction, creating smoother transit.{{cite web|url=https://millionclues.com/guest-posts/six-lane-highway-irb-infrastructure/|title=Six-Lane Highway By IRB Infrastructure Developers To Create Smoother Transit Between Chittorgarh And Gulabpura|date=10 December 2017|publisher=Millionclues|access-date=December 11, 2017}} The total funding for the project by company will be ₹690 crore and by SPV (Special Public Vehicle) tied banks will be ₹1,400 crore.{{cite web|url=http://www.thehindubusinessline.com/economy/logistics/irb-infra-achieves-financial-closure-for-rajasthan-project/article9907262.ece|title=IRB Infra achieves financial closure for Rajasthan project|date=16 October 2017 |access-date=Jan 8, 2018}}

IRB Infrastructure developed the Kaithal-Rajasthan project (NH65). The 166.26 km-long highway became operational in 2017, and has 20.90 km of service road, 18 pedestrian underpasses, 5 vehicular underpasses, 5 flyovers, 13 small bridges, 71 intersections, 241 culverts and railways over bridges. The cost of production for project was ₹2,290 crore, including a viability gap funding of ₹234 crore.{{cite web|url=http://pressroom.today/press-release/irb-infrastructure-kaithal-rajasthan/|title=Kaithal-Rajasthan four-lane highway is now open for vehicular traffic|date=12 September 2017|publisher=Pressroom.today|access-date=Sep 12, 2017}}

In March 2018, IRB Infrastructure won two hybrid annuity projects under NHDP phase IV in the state of Tamil Nadu, which included the four laning of NH-45A Puducherry to Poondiyankuppam and Poondiyankuppam to Sattanathapuram at a cost of ₹2,169 crore at a cost of ₹1,296 crore.{{clarify|date=July 2020}} The construction period is 730 days and the operation period is 15 years for the said projects.{{cite web|url=https://www.moneycontrol.com/news/business/stocks/irb-infrastructure-rises-3-on-projects-win-in-tamil-nadu-2527557.html|title=IRB Infrastructure rises 3% on projects win in Tamil Nadu|date=14 March 2018 |publisher=Moneycontrol|access-date=Mar 14, 2018}}{{cite news|url=http://www.business-standard.com/article/news-cm/irb-infra-gains-after-bagging-two-projects-in-tamil-nadu-118031400372_1.html|title=IRB Infra gains after bagging two projects in Tamil Nadu|newspaper=Business Standard India|date=14 March 2018|publisher=Business Standard|access-date=Mar 14, 2018|last1=Market|first1=Capital}}

The company also received a letter of award on from the National Highways Authority of India for a hybrid annuity project worth ₹1,640 crore under the National Highways Development Project phase VI in Gujarat. The order came after the company had emerged as the preferred bidder for the construction of the eight-lane Vadodara Kim expressway from Padra to Vadodara section of the Vadodara-Mumbai Expressway in Gujarat.{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/irb-infra-bags-road-project-worth-rs-2043-crore-from-nhai-in-gujarat/articleshow/63361817.cms|title=IRB Infra bags road project worth Rs 2,043 crore from NHAI in Gujarat|newspaper=Times of India|date=19 March 2018 |access-date=Mar 19, 2018}}{{cite web|url=https://www.thehindubusinessline.com/companies/irb-infra-bags-road-project-worth-rs-2043-cr-from-nhai-in-guj/article23290813.ece|title=IRB Infra bags road project worth Rs 2,043 cr from NHAI in Gujarat|date=19 March 2018 |publisher=The Hindu BusinessLine|access-date=March 19, 2018}}

The company got the contract (3 out of 12 packages) of Ganga Expressway, the longest under-construction expressway in Uttar Pradesh.{{Cite news|url=https://timesofindia.indiatimes.com/city/lucknow/ganga-e-way-to-be-built-by-adani-group-irb-infra/articleshow/88060103.cms|title = Adani: Uttar Pradesh: Ganga expressway to be built by Adani Group, IRB Infrastructure | Lucknow News - Times of India|website = The Times of India| date=3 December 2021 }}

IRB InvIT is India's first Infrastructure Investment trust sponsored by IRB Infrastructure Developers Ltd.{{Cite web|last=deepak|title=Sponsor & Project Manager|url=https://www.irbinvit.co.in/about-us/sponsor-project-manager/|access-date=2021-03-07|website=IRB InvIT|language=en-US}} Projects managed by IRB InvIT include:{{Cite web|last=deepak|title=Projects|url=https://www.irbinvit.co.in/projects/|access-date=2021-03-07|website=IRB InvIT|language=en-US}}{{Cite news|last=Oberoi|first=Rahul|title=First ever InvIT listing: IRB InvIT debuts with small premium at Rs 103.25 on BSE|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/irb-invit-fund-lists-at-rs-103-25-on-bse/articleshow/58728276.cms|access-date=2021-03-07}}

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

In April 2018, Virendra Mhaiskar, the chairman and managing director of IRB Infrastructure, and all other officials got a clean chit from CBI{{Cite news|url=http://www.dailypioneer.com/nation/rti-activists-murder-irb-infra-chief-others-get-clean-chit-from-cbi.html|title=RTI ACTIVIST'S MURDER: IRB INFRA CHIEF, OTHERS GET CLEAN CHIT FROM CBI|date=17 April 2018|work=The Daily Pioneer}} with regards to any sort of involvement in the murder of RTI activist Satish Shetty. They were summoned in May 2012 by the CBI, suspecting a connection with the case. During the investigation, CBI had asked Virendra Mhaiskar and other suspects to undergo a polygraph test. Mhaiskar along with the company officials had to undergo the polygraph test.{{cite news|url=http://www.thehindubusinessline.com/markets/article3381030.ece|title=IRB Infra plunges as CBI summons its Chairman|date=3 May 2012|access-date=22 July 2012|agency=The Hindu|location=Mumbai}}

Virendra D. Mhaiskar, chairman and managing director of IRB, was conferred with the “Young Turk of the Year” award at the 6th Edition of CNBC TV 18 India Business Leader Awards on 11 December 2010 at Mumbai.{{cite web|url= http://www.bestmediainfo.com/2010/12/cnbc-tv18-gives-away-india-business-leader-awards-2010/ |title= CNBC-TV18 Gives Away India Business Award 2010 |publisher=bestmediainfo.com|access-date=14 December 2010}}

The company was given the CNBC TV 18 Essar Steel Infrastructure Excellence Award for the 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 won the CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai-Pune section of NH-4 in 2009.{{cite web|url=http://www.indiamart.com/irb-infrastructure/aboutus.html|title= About Irb Infrastructure Developers Limited |publisher=Indiamart|access-date = 20 December 2010}}{{Cite web|url=https://www.leaderbiography.com/virendra-d-mhaiskars-journey-on-indian-road-and-highways/|title=Indian road and highways, Virendra D Mhaiskar's Journey|date=27 December 2018}}

IRB Infrastructure Ltd won the Construction Times 2017 Award under the Best Executed Highway Project of the Year category for building the Ahmedabad–Vadodara Expressway Project.{{cite web|url=https://newsazure.com/news/irb-infrastructures-ahmedabad-vadodara-expressway-project-34111.html|title= Another Jewel in the Crown: IRB Infrastructure's Ahmedabad-Vadodara expressway project conferred with Construction Times Award 2017 for the 'Best Executed Project of the Year'|publisher=News Azure|access-date =October 17, 2017}}

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Category:Companies based in Mumbai

Category:Construction and civil engineering companies of India

Category:Construction and civil engineering companies established in 1998

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Category:Indian companies established in 1998

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