IRB achieves financial closure for two highway projects

• Ties up funds of Rs.924 crore for Pathankot-Amritsar highway project.
• Ties up funds of Rs.900 crore for Jaipur–Deoli highway project.

IRB Infrastructure Developers Limited (‘IRB”), (BSE: 532947) one of the largest toll road operating companies in India, has achieved financial closure for its Pathankot-Amritsar highway project and Jaipur-Deoli highway project.

IRB Pathankot Amritsar Toll Road Pvt. Ltd – wholly-owned subsidiary of IRB, has achieved financial closure for its Pathankot to Amritsar Highway Project which comprises of section of NH - 15 from Km. 6.082 to Km. 108.502 in the State of Punjab under NHDP Phase IIIB on the DBFOT pattern.  This Company has tied up Project funding of Rs. 924 Crores from Banks & Financial Institutions. The construction period is 910 days for this project and the concession period is 20 years.

IRB Jaipur Deoli Tollway Pvt. Ltd – wholly-owned subsidiary of IRB, has achieved financial closure for its Jaipur Deoli Highway Project which comprises of section of NH -12 from Km 18.700 to Km 165.000 in the State of Rajasthan under NHDP Phase III on BOT Basis. This Company has tied up Project funding of Rs. 900 Crores from Banks & Financial Institutions. The construction period is 910 days and the concession period for this project is 25 years.

Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, “Our track record of timely payments, successful and timely implementation of projects, helped us to raise the required finances for our projects on favourable terms in reasonable time”.

About IRB
IRB is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector and a large portfolio of completed and operational BOT projects. IRB is one of the largest private developers in India and the largest toll road operating company in India. BOT projects comprise over 99% of IRB's Rs. 9,200 crore order-book. IRB has been listed on the NSE and BSE since February 25, 2008. For further details, log onto www.irb.co.in.