Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 September, 2018 12:50 IST
IRB Infra achieves financial closure for NHAI road project
Source: IRIS | 14 Feb, 2018, 10.13AM
Comments  |  Post Comment

IRB Infrastructure Developers announced that its wholly owned subsidiary Kishangarh Gulabpura Tollway has achieved financial closure in terms of the concession agreement executed with NHAI, by tying up of the project finance of Rs 10.20 billion.

The total cost of the project is Rs 15.26 billion, out of which equity contribution / internal accrual by the company will be Rs 5.06 billion and remaining will be funded through project finance of Rs 10.20 billion.

The project involves Six Laning of Kishangarh to Gulabpura Section of NH 79A and NH 79 in the state of Rajasthan (length 90.000 km) on DBFOT (Toll) mode, under NHDP Phase-Y Package-l (the Project). The concession period of the Project is 20 years including construction period of 910 days.

Shares of the company declined Rs 0.45, or 0.2%, to trade at Rs 226.80. The total volume of shares traded was 45,846 at the BSE (10.00 a.m., Wednesday).





IRB Infrastructure Developers Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Tatas to acquire Usha Martin's steel business for up to Rs 47 bn - 24-Sep-2018 10:05
Sequent Scientific to acquire Solara Active Pharma Sciences' EU-GMP API facility - 24-Sep-2018 09:48
Biocon announces successful USFDA inspection of its Bangalore facility - 24-Sep-2018 09:45
Godrej Properties adds a new residential project in Noida, NCR - 24-Sep-2018 09:42
ITD Cementation India wins orders worth Rs 8.45 bn - 21-Sep-2018 15:44
Emami Paper Mills to invest around Rs 20 bn in Gujarat - 21-Sep-2018 15:03
Tijaria Polypipes receives single order worth Rs 353 mn - 21-Sep-2018 13:13
Infosys to open technology and innovation hub in Arizona - 21-Sep-2018 13:08
Pennar Group bags orders worth Rs 1.81 bn - 21-Sep-2018 13:05
TCS recognized as leader in finance and accounting digital augmentation suite - 21-Sep-2018 12:30
Sun Pharma announces Australian TGA approval of ILUMYA - 21-Sep-2018 12:06
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer