Monday, May 20, 2024

IRB Infrastructure Developers to consider  Stock Split in its Board Meet on January 4th,2023

BSE & NSE listed IRB Infrastructure Developers Ltd.  first Multinational Infrastructure player in Highways segment, has announced that its board will meet on 4 January, 2023, to consider proposal for alteration in the share capital of the company by sub-division/split of existing equity shares having face value of Rs 10 per share.

Recently, IRB Infrastructure Developers Ltd. and its Private InvIT Arm, IRB Infrastructure Trust, both have collectively reported 39% increase in the Toll Collection in the month of November 2022 on Year on Year basis.

Commenting on this, Shri Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited said, “The increase in toll collection reflects continued robustness in traffic growth across all projects, in all vehicle categories, which is in line with the macro-economic indicators. This also demonstrates that all our projects
are the part of important economic corridors of the Nation.” He further added, “With inflationary concerns gradually easing, traffic has remained strong and grown on
month to month basis.” 

IRB Infrastructure Developers Ltd, as the largest integrated private toll roads and highways infrastructure developer in India, has an asset base of over Rs.60,000 Crs. in 10 States across the parent company and two InvITs. The Company has strong track record of constructing, tolling, operating and maintaining around 15,500 lane Kms,pan India and has an ability to construct over 500 Kms in a year.  It has approx. 20% share in India’s prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India. After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has 22 road projects that include 17 BOT, 1 TOT and 4 HAM projects.

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