IRB Milestones

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  • Commenced tolling on Lalitpur Lakhnadon NH44 (TOT 12) and Gwalior Jhansi NH44 & Kota Bypass NH76 (TOT 13 Bundle)
  • Announced acquisition of 24% stake in IRB Infrastructure Trust (Private InvIT Associate of the Company) by Cintra (Subsidiary of Ferrovial) from GIC, Singapore
  • Successfully completed issuance of USD Bonds of $550 Million to the eligible investors


  • Awarded Gwalior- Jhansi and Kota Bypass Projects under TOT mode, for the 20 Years revenue linked Concession Period and an upfront payment of Rs.1,683 Crs
  • Awarded Lalitpur Lakhnadon TOT project of 316 Kms for the 20 Years revenue linked Concession Period on an upfront payment of Rs. 4,428 Crores
  • Awarded Hyderabad Outer Ring Route TOT Project of 158 Kms for the 30 Years revenue linked Concession Period for an upfront payment of Rs.7,380 Crores
  • Awarded Samakhiyali – Santalpur BOT Project of 90.9 Kms in the State of Gujarat with Cost Outlay of Rs.2,132 Crores
  • Received Appointed Date for Chittoor Thachur HAM Project in Tamil Nadu; construction commenced
  • Equity Share of Rs.10 Face Value splits into 10 Equity Shares of Re.1 each


  • Transferred Vadodara Kim (Delhi Mumbai Expressway) HAM project to IRB InvIT Fund (Public InvIT)
  • Achieved COD for Hapur Moradabad BOT project in Uttar Pradesh and Kishangarh Gulabpura BOT project in Rajasthan
  • Palsit Dankuni BOT Project in West Bengal transferred to IRB Infrastructure Trust (Private InvIT), after Trust’s fund raise of Rs.243 Crores; the 10th Asset in the Private InvIT.
  • Achieved COD for Company’s first Hybrid Annuity project, Vadodara to Kim parting upcoming Vadodara Mumbai Greenfield Expressway


  • Awarded prestigious Ganga Expressway Group 1 project from Meerut to Budaun in Uttar Pradesh
  • Awarded Chittoor Thachur HAM project in Tamil Nadu
  • The largest equity fundraise of up to INR 53,470 Million by any Indian Road Developer, through preferential allotment of equity shares to the affiliates of Ferrovial S.A. of Spain and GIC, Singapore
  • Achieved COD for Greenfield Airport in Sindhudurg, Maharashtra
  • Becomes first Toll Roads & Highways Developer in India to tap Offshore Bond markets
  • IRB Infra projects featured in Top 5 NHAI / MoRTH Rated & Ranked Highway Stretches
  • Achieved full COD for Udaipur – Shamlaji and Chittorgarh – Gulabpura Six Laning BOT Projects
  • Awarded Pathankot – Mandi HAM project in Himachal Pradesh
  • Awarded Dankuni – Palsit BOT project in West Bengal


  • Achieved full COD for the Agra – Etawah six laning project
  • Awarded Gandeva – Ena HAM project in Gujarat
  • Achieved COD for Karwar – Kundapura four laning highway project
  • Re-awarded Mumbai – Pune Expressway and Old Mumbai Pune NH-48 Projects under TOT 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


  • Awarded Hapur – Moradabad BOT project in UP
  • Awarded Padra – Kim HAM project in Gujarat
  • Achieved COD for Solapur – Yedeshi four laning highway project


  • Achieved COD for Kaithal – Rajasthan four laning highway project
  • Launched and listed IRB InvIT, India’s first Infrastructure Investment Trust Fund


  • Awarded Udaipur – Shamlaji BOT project in Rajasthan
  • Awarded Gulabpura – Chittorgarh BOT project in Rajasthan
  • Awarded Kishangarh – Gulabpura BOT project in Rajasthan


  • Awarded Agra – Etawah BOT project in UP
  • Raised ₹ 4,400.06 Mn by way of QIP


  • Acquired M.V.R. Infrastructure and Tollways Pvt. Ltd
  • Awarded Solapur – Yedeshi BOT project in Maharashtra
  • Awarded Yedeshi – Aurangabad BOT project in Maharashtra
  • Awarded Kaithal – Rajasthan BOT project in Haryana


  • Awarded Karwar – Kundapura BOT Project in Karnataka


  • Awarded India’s first Ultra Mega Highway project, Ahmedabad – Vadodara BOT project in Gujarat


  • Awarded Tumkur – Chitradurga BOT project in Karnataka.


  • Awarded greenfield Airport project in Sindhudurg, Maharashtra, the first ever Airport Project in IRB’s portfolio
  • Awarded Surat – Dahisar BOT project, India’s first mega highway project
  • Awarded Amritsar – Pathankot BOT project in Punjab
  • Awarded Talegaon – Amravati BOT project in Maharashtra
  • Awarded Jaipur – Deoli BOT project in Rajasthan


  • Launched IPO at issue price of Rs. ₹ 185.00 per share and raised INR 9,440 Million


  • Made upfront payment of ₹ 9,180 Mn to MSRDC for Mumbai – Pune Expressway project in Maharashtra


  • IRB Infrastructure Developers Limited incorporated


  • Awarded India’s first ever BOT project Thane – Bhiwandi Bypass in Maharashtra


  • Ideal Road Developers Pvt. Ltd. incorporated
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