{"id":9881,"date":"2017-03-10T06:45:15","date_gmt":"2017-03-10T06:45:15","guid":{"rendered":"http:\/\/168.63.242.119\/~irbco\/?page_id=9881"},"modified":"2022-02-15T14:02:44","modified_gmt":"2022-02-15T14:02:44","slug":"milestones","status":"publish","type":"page","link":"https:\/\/www.irb.co.in\/home\/milestones\/","title":{"rendered":"IRB Milestones"},"content":{"rendered":"

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2026<\/h2><\/div><\/div>
  • Gandeva Ena VM7 Hybrid Annuity Asset, part of Delhi Mumbai Expressway Project with an Enterprise Value of Rs.1,700Crs was transferred to the IRB InvIT Fund (Public InvIT Sponsored by the Company)<\/li><\/ul>
    • Company\u2019s Private InvIT Associate IRB Infrastructure Trust bagged prestigious TOT-18 Bundle of NHAI comprising a highway corridor of 74.5Kms (447 Lane Kms) from Chandikhole to Bhadrak (Part of Golden Quadrilateral) in Odisha State for an upfront payment of Rs.3,087Crs for a Revenue Linked Concession Period of 20 Years.<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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      2025<\/h2><\/div><\/div>
      • Company\u2019s Private InvIT Associate IRB Infrastructure Trust bagged prestigious TOT-17 Bundle of NHAI comprising two highway corridors of 366Kms (1,464 Lane Kms), Viz. Lucknow-Ayodhya-Gorakhpur NH27 and Lucknow-Varanasi NH731 (Upto Sultanpur) stretch for an upfront payment of Rs.9,270Crs for a Revenue Linked Concession Period of 20 Years; the largest ever by any private toll operator in India<\/li>
      • Company becomes the Leading and Largest TOT operator in India with significant market share of 44% in the TOT space<\/li>
      • Company\u2019s Assets Base reaches approx. Rs.94,000Crs \u00a0<\/li>
      • Company received COD for its Palsit Dankuni NH19 BOT Project and for Gandeva Ena (Package 7 of New Delhi Mumbai Greenfield Expressway) HAM Project<\/li>
      • Three BOT assets, Viz., Kaithal Rajasthan Border NH152\/65, Hapur Moradabad NH9 and Kishangarh Gulabpura NH79A of Company Sponsored IRB Infrastructure Trust (Private InvIT) with an Enterprise Value of Rs.8,450Crs were sold to the IRB InvIT Fund (Public InvIT Sponsored by the Company)<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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        2024<\/h2><\/div><\/div>
        • Commenced tolling on Lalitpur Lakhnadon NH44 (TOT 12) and Gwalior Jhansi NH44 & Kota Bypass NH76 (TOT 13 Bundle)<\/li><\/ul>
          • Announced acquisition of 24% stake in IRB Infrastructure Trust (Private InvIT Associate of the Company) by Cintra (Subsidiary of Ferrovial) from GIC, Singapore<\/li><\/ul>
            • Successfully completed issuance of USD Bonds of $550 Million to the eligible investors<\/li><\/ul>
              • Successfully transferred the Meerut Budaun Expressway project (Ganga Expressway Project) to the IRB Infrastructure Trust (Private InvIT Associate of the Company)<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                2023<\/h2><\/div><\/div>
                • 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<\/li><\/ul>
                  • 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<\/li><\/ul>
                    • 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<\/li><\/ul>
                      • Awarded Samakhiyali \u2013 Santalpur BOT Project of 90.9 Kms in the State of Gujarat with Cost Outlay of Rs.2,132 Crores<\/li><\/ul>
                        • Received Appointed Date for Chittoor Thachur HAM Project in Tamil Nadu; construction commenced<\/li><\/ul>
                          • Equity Share of Rs.10 Face Value splits into 10 Equity Shares of Re.1 each<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                            2022<\/h2><\/div><\/div>
                            • Transferred Vadodara Kim (Delhi Mumbai Expressway) HAM project to IRB InvIT Fund (Public InvIT)<\/li><\/ul>
                              • Achieved COD for Hapur Moradabad BOT project in Uttar Pradesh and Kishangarh Gulabpura BOT project in Rajasthan<\/li><\/ul>
                                • Palsit Dankuni BOT Project in West Bengal transferred to IRB Infrastructure Trust (Private InvIT), after Trust\u2019s fund raise of Rs.243 Crores; the 10th Asset in the Private InvIT.<\/li><\/ul>
                                  • Achieved COD for Company\u2019s first Hybrid Annuity project, Vadodara to Kim parting upcoming Vadodara Mumbai Greenfield Expressway<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                    2021<\/h2><\/div><\/div>
                                    • Awarded prestigious Ganga Expressway Group 1 project from Meerut to Budaun in Uttar Pradesh<\/li><\/ul>
                                      • Awarded Chittoor Thachur HAM project in Tamil Nadu<\/li><\/ul>
                                        • 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<\/li><\/ul>
                                          • Achieved COD for Greenfield Airport in Sindhudurg, Maharashtra<\/li><\/ul>
                                            • Becomes first Toll Roads & Highways Developer in India to tap Offshore Bond markets<\/li><\/ul>
                                              • IRB Infra projects featured in Top 5 NHAI \/ MoRTH Rated & Ranked Highway Stretches<\/li><\/ul>
                                                • Achieved full COD for Udaipur \u2013 Shamlaji and Chittorgarh \u2013 Gulabpura Six Laning BOT Projects<\/li><\/ul>
                                                  • Awarded Pathankot \u2013 Mandi HAM project in Himachal Pradesh<\/li><\/ul>
                                                    • Awarded Dankuni \u2013 Palsit BOT project in West Bengal<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                      2020<\/h2><\/div><\/div>
                                                      • Achieved full COD for the Agra \u2013 Etawah six laning project<\/li><\/ul>
                                                        • Awarded Gandeva \u2013 Ena HAM project in Gujarat<\/li><\/ul>
                                                          • Achieved COD for Karwar \u2013 Kundapura four laning highway project<\/li><\/ul>
                                                            • Re-awarded Mumbai \u2013 Pune Expressway and Old Mumbai Pune NH-48 Projects under TOT model.<\/li><\/ul>
                                                              • Closed the largest deal with GIC Affiliates, Singapore towards investment in 9 BOT assets under the Private InvIT structure<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                2019<\/h2><\/div><\/div>
                                                                • Achieved COD for Yedeshi \u2013 Aurangabad four laning highway project in Maharashtra<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                  2018<\/h2><\/div><\/div>
                                                                  • Awarded Hapur \u2013 Moradabad BOT project in UP<\/li><\/ul>
                                                                    • Awarded Padra \u2013 Kim HAM project in Gujarat<\/li><\/ul>
                                                                      • Achieved COD for Solapur \u2013 Yedeshi four laning highway project<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                        2017<\/h2><\/div><\/div>
                                                                        • Achieved COD for Kaithal \u2013 Rajasthan four laning highway project<\/li><\/ul>
                                                                          • Launched and listed IRB InvIT, India\u2019s first Infrastructure Investment Trust Fund<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                            2016<\/h2><\/div><\/div>
                                                                            • Awarded Udaipur \u2013 Shamlaji BOT project in Rajasthan<\/li><\/ul>
                                                                              • Awarded Gulabpura – Chittorgarh BOT project in Rajasthan<\/li><\/ul>
                                                                                • Awarded Kishangarh – Gulabpura BOT project in Rajasthan<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                  2015<\/h2><\/div><\/div>
                                                                                  • Awarded Agra \u2013 Etawah BOT project in UP<\/li><\/ul>
                                                                                    • Raised \u20b9 4,400.06 Mn by way of QIP<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                      2014<\/h2><\/div><\/div>
                                                                                      • Acquired M.V.R. Infrastructure and Tollways Pvt. Ltd<\/li><\/ul>
                                                                                        • Awarded Solapur \u2013 Yedeshi BOT project in Maharashtra<\/li><\/ul>
                                                                                          • Awarded Yedeshi \u2013 Aurangabad BOT project in Maharashtra<\/li><\/ul>
                                                                                            • Awarded Kaithal \u2013 Rajasthan BOT project in Haryana<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                              2013<\/h2><\/div><\/div>
                                                                                              • Awarded Karwar \u2013 Kundapura BOT Project in Karnataka<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                2011<\/h2><\/div><\/div>
                                                                                                • Awarded India\u2019s first Ultra Mega Highway project, Ahmedabad – Vadodara BOT project in Gujarat<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                  2010<\/h2><\/div><\/div>
                                                                                                  • Awarded Tumkur – Chitradurga BOT project in Karnataka.<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                    2009<\/h2><\/div><\/div>
                                                                                                    • Awarded greenfield Airport project in Sindhudurg, Maharashtra, the first ever Airport Project in IRB\u2019s portfolio<\/li><\/ul>
                                                                                                      • Awarded Surat \u2013 Dahisar BOT project, India\u2019s first mega highway project<\/li><\/ul>
                                                                                                        • Awarded Amritsar \u2013 Pathankot BOT project in Punjab<\/li><\/ul>
                                                                                                          • Awarded Talegaon \u2013 Amravati BOT project in Maharashtra<\/li><\/ul>
                                                                                                            • Awarded Jaipur \u2013 Deoli BOT project in Rajasthan<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                              2008<\/h2><\/div><\/div>
                                                                                                              • Launched IPO at issue price of Rs. \u20b9 185.00 per share and raised INR 9,440 Million<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                                2004<\/h2><\/div><\/div>
                                                                                                                • Made upfront payment of \u20b9 9,180 Mn to MSRDC for Mumbai \u2013 Pune Expressway project in Maharashtra<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                                  1998<\/h2><\/div><\/div>
                                                                                                                  • IRB Infrastructure Developers Limited incorporated<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                                    1995<\/h2><\/div><\/div>
                                                                                                                    • Awarded India\u2019s first ever BOT project Thane \u2013 Bhiwandi Bypass in Maharashtra<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div>
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                                                                                                                      1977<\/h2><\/div><\/div>
                                                                                                                      • Ideal Road Developers Pvt. Ltd. incorporated<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
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