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
25 September, 2018 18:54 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
Sector
Himachal Futuristic Communications receives order worth Rs 5.58 bn - 25-Sep-2018 13:48
Capacite Infraprojects bags orders worth Rs 6.74 bn - 25-Sep-2018 13:14
Suven Life Sciences secures 2 overseas product patents - 25-Sep-2018 13:11
L&T Technology Services wins USD 40 mn deal in Europe - 24-Sep-2018 13:22
Generic Engg Construction & Projects bags orders worth Rs 2.73 bn - 24-Sep-2018 12:19
Tata's to acquire Usha Martin's steel biz for up to Rs 47 bn - 24-Sep-2018 10:05
Sequent Scientific to acquire Solara's EU-GMP API facility - 24-Sep-2018 09:48
Biocon announces USFDA inspection of Bangalore unit - 24-Sep-2018 09:45
Godrej Properties adds new residential project in Noida - 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
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