IRB Milestones

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Milestones Surpassed. Value Delivered.

A recap of our Successful Journey


  • Bagged prestigious Ganga Expressway Group 1 BOT project from Meerut to Budaun with cost outlay of Rs.6,555 Crores, the largest BOT so far for IRB Group
  • Bagged Chittoor Thachur HAM Project in Tamilnadu with cost outlay of Rs.909 Crores
  • The largest equity fund raise of up to Rs.5,347 Crores by any Indian Road Developer through preferential allotment of equity shares to the affilliates of Ferrovial S. A. & GIC
  • First Greenfield Airport developed in Sindhudurg (Maharashtra) starts commercial flights operation
  • Top 5 NHAI / MoRTH Rated & Ranked Highway Stretches feature top 3 and in all 4 Stretches developed by IRB Infrastructure Developers Ltd.
  • • Achieved full COD for Udaipur – Shamlaji six laning BOT project and Gulabpura – Chittorgarh six laning BOT project; both being part of the prestigious Golden Quadrilateral in the Sate of Rajasthan
  • Bagged Punjab/Himachal Pradesh Border – Mo project of 28.700 Kms stretch on Pathankot – Mandi section of NH-20 (New NH-154) under the Hybrid Annuity Model (HAM) with Cost Outlay of Rs.828 Crores
  • Bagged Dankuni – Palsit project 63.38 Kms stretch of NH-19 for six laning under BOT model with Cost Outlay of Rs.2,421 Crores; thus entered the Eastern India through West Bengal and overall in the 10th State
  • Becomes the first Toll Roads & Highways Developer in India to tap Offshore Bond markets and raised Rs.2,185 Crores


  • Achieved full COD for the Agra – Etawah six laning project
  • Bagged Gandeva – Ena project of 27.500 Kms stretch on upcoming Vadodara – Mumbai Expressway in Gujarat, under the Hybrid Annuity Model (HAM) with Cost Outlay of Rs.1,755 Crores
  • Achieved Financial Closure for prestigious Mumbai Pune Expressway Concession through a single largest debt tie-up of Rs.6,610 Crores, in the stipulated time, amidst COVID-19 pandemic
  • Upfront payment of the 1st Installment of Rs.6,500 Crs made to the MSRDC out of the total consideration of Rs.8,262 Crs
  • Achieved COD for its Goa/Karnataka Border – Kundapur four laning highway project
  • Bagged prestigious Mumbai – Pune Expressway and Old Mumbai Pune NH-48 Projects under Toll-Operate-Transfer model.
  • Closed the largest deal with GIC Affiliates, Singapore towards investment in 9 BOT assets under the Private InvIT structure


  • Achieved COD for Yedeshi – Aurangabad four laning highway project in Maharashtra


  • Bagged Hapur – Moradabad Bypass Project of 99.867 Kms under BOT space in UP, with Cost Outlay of Rs.3,400 Crores
  • Bagged Padra – Kim project of 23.740 Kms stretch on upcoming Vadodara – Mumbai Expressway in Gujarat under Hybrid Annuity (HAM) with Cost Outlay of Rs.2,043 Crores
  • Achieved COD for Solapur – Yedeshi four laning highway project in Maharashtra


  • Achieved COD for Kaithal – Rajasthan Border four laning highway project.
  • Successfully Launched India’s first ever Infrastructure Investment Trust Fund and raised Rs. 5032 Crs
  • Executed Concession Agreement with NHAI for Kishangarh – Gulabpura Section of NH-79 & NH-79A


  • Awarded 3 Nos. of Six Laning Projects of NHAI on DBFOT Pattern in the state of Rajasthan
    • Udaipur to Gujarat Border section on NH-8
    • Gulabpura to Chittorgarh section on NH-79
    • Kishangarh to Gulabpura section of NH-79


  • Awarded project of Six Laning of Agra – Etawah section of NH-2
    Successfully raised ₹ 4,400.06 Mn by way of QIP


  • Acquired M.V.R. Infrastructure and Tollways Pvt. Ltd
  • Awarded 3 NHAI Projects on DBFOT Pattern
    • Soalpur – Yedeshi (Maharashtra)
    • Yedeshi – Aurangabad (Maharashtra)
    • Kaithal – Rajasthan Border (Rajasthan)


  • Awarded “Goa/ Karnataka Border to Kundapur Project on NH-17 in the state of Karnataka


  • Awarded “Ahmedabad Vadodara Project”, the First ever Ultra Mega project of NHAI on BOT basis & DBFOT pattern in the state of Gujarat


  • Awarded Tumkur Chitradurga BOT Project of NHAI on DBFOT pattern in the state of Karnataka.


  • First ever Airport Project in IRB’s portfolio
    • Greenfield Airport Project in Sindhudurg, Maharashtra.
  • Project Development Agreement executed with MIDC
  • Awarded Surat – Dahisar Project, the first mega highway project of the country
  • Awarded Integrated Road Development (IRD) programme in Kolhapur city
  • Awarded 3 National Highways Authority of India (NHAI) Projects:
    • Amritsar – Pathankot,Punjab
    • Talegaon – Amravati, Maharashtra
    • Jaipur – Deoli, Rajasth


  • Successful launch of IRB Infrastructure Developers Limited IPO
  • Raised ₹ 9,445.7 Mn
  • Issue Price: ₹ 185.0


  • Upfront payment of ₹ 5,040 Mn to NHAI for Bharuch – Surat


  • Upfront payment of ₹ 9,180 Mn to MSRDC for Mumbai – Pune Project


  • IRB Infrastructure Developers Limited incorporated