ALSO READIRB Infrastructure Developers fixes record date for interim dividend IRB Infrastructure Developers Q3 net profit up 10% at Rs 184cr IRB Infrastructure Developers consolidated net profit declines 5.00% in the September 2016 quarter IRB Infrastructure Developers standalone net profit declines 58.96% in the September 2016 quarter IRB Infrastructure Developers provides update on subsidiary - IRB Goa Tollway
Hands over project to MORTH after successful completion of concession periodIRB Infrastructure Developers has successfully completed concession period of Thane Bhiwandi Bypass Project on 13 May 2017.
Thane Bhiwandi Bypass Project involved Improvement and Maintenance of Thane Bhiwandi Bypass including widening of existing 2 Lane Road to 4 Lane Road and Construction of New 2 Lane Bridge on Kasheli Creek [From Km (-) 0/115 to 23/509 Under BOT Scheme with Toll Rights] ('the Project').
The Concession Agreement for the Project was signed on 21st September 1998. The Concession Period of the Project was 18 years and 6 months.
Now, upon successful completion of concession, the company has handed over the Project to the Ministry of Road Transport & Highways (MORTH)/ PWD - Government of Maharashtra.
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