Monday brought in cheer for IRB Infrastructure owner, Virendra D Mhaiskar. The week opened on a good note, as IRB shares gained 3% intraday on Monday. The road infra developer bagged another important project in Rajasthan and this is the reason why there was a positive jump in the company shares.
A spokesperson of the Mumbai-based road developer commented, “IRB Infrastructure has emerged as a preferred bidder for the project of six-laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in Rajasthan on DBFOT (design-build-finance-operate-transfer – Toll) under NHDP Phase V package – I project.” The company will aim to develop a world class road to beef up connectivity, as they have done in the past.
This is not the first time IRB Infra has shot into the limelight, this project only adds to the existing two orders that were bagged by IRB in the past two months in the same corridor – totaling up to 328 km in length. Given the ability of IRB to meet tight deadlines and finishing the job with perfection, it’s emergence as one of the most-sought-after road development entity isn’t surprising at all.
Other projects won recently by IRB Infrastructure include the six-laning of Kishangarh-Udaipur-Ahmedabad (125 Km) stretch on NH 79 with a project cost of Rs 2,400 crore. Another project stretches out from Udaipur to Rajasthan-Gujarat border (113 Km) on NH 8 with a cost of Rs 2,100 crore. The company, at present has a portfolio that consists of 12,800 lane km under BOT and HAM projects. Another major achievement for Virendra Mhaiskar-led IRB Infrastructure is that it has a 20 per cent share in the Golden Quadrilateral project.
Requirement for road construction and development is rising in India. With the growing numbers and sizes of cities, the need for roadways soars as well. That’s why National Highways Authority of India is rolling out projects after projects in order to further improve the road network of the country. The handing out of these projects to private developers and builders is proving to be beneficial for the holistic growth of the country’s infrastructure. Companies like IRB are doing a pretty fine job by executing complex projects on difficult terrains.
Roads are extremely important to any country’s states and cities. Their condition has more relevance than what most people think. Bad roads cause water-logging, which in turn causes traffic-jams. Not to forget many accidents happen and lives are lost because of the poor state of roads. While good roads boost the economy and improve trade and connectivity. With multiple projects coming up and the construction of good quality roads, it is certain that India is slowly moving towards being a country with proper infrastructure available to its citizens.
Any concerned state would want reliable developers to execute road building projects. Perhaps that’s why IRB Infrastructure is taking care of majority of road development projects in India. Virendra Mhaiskar, the IRB Infrastructure Owner has certainly led the company the right way.
good going, sir!!
virendra mhaiskar has found every possibility to keep the notoriety of IRB.
He is an inspiration to me.
Mr. ,Mhaiskar is a true inspiration for the youth in the world! At a very young age he is able to achieve which a lot of people fail to do.!!
At a very Young Age, virendra mhaiskar has achieved everything.
Virendra Mhaiskar is a true inspiration for young people!!
Virendra Mhaiskar is indeed a successful man! He inspired me!!!
Owner of IRB Infrastructure Virendra Mahiskar is a great visionary and a very humble business man..
Owner of IRB Infrastructure At a very Young Age achieved lots of things… Tuely insipiration for Youth
interesting read.
Good Work
Feels good to see how well India is progressing. It is quite apparent the way India’s roads and highways are shaping up. Well done to contributors like Virendra Mhaiskar from IRB Infrastructure. We need more leaders like you to make India a fully developed country.
Being a civil engineerI know how multi-layered the process of road building is. But I really appreciate how IRB Infrastructure owner Virendra Mhaiskar is structuring such big processes. I had the opportunity of working with him a couple of years ago and I was truly impressed with his vision towards India’s infrastructural development. Respect!
Good that businessmen like Virendra Mhaiskar are aware of the problems that people face in India when it comes to road transportation. I am sure road development projects initiated by such dedicated and responsible minds will prove beneficial for the country.
Delighted to see how Mr. Virendra Mhaiskar is striving to transform the landscape of our country. You have all the support from us Mr. Mhaiskar, keep going!
An inspiration for the youth, Virendra Mhaiskar continues investing in projects that has the potential to up the infrastructural facilities in our country.
With this project, IRB seems to pioneer the real estate domain. quite an inspirational piece of information.
Obviously we are going to see their shares rising every month because their projects are wonderful. There is no competitor of IRB Infrastructures when it comes to building long roads. Thumbs up to them.
Didn’t know IRB Infrastructure is such a huge company. They have literally managed to bag some big projects and from what I can read, these projects are majorly for
prominent highways. Good job IRB. In fact the credit must go IRB Infrastructure
owner Virendra Mhaiskar and his whole team.
Yes the roads are extremely important for the development of country and it’s important to have companies like IRB in our country. I’m sure the shares will go further up.
Indeed the reason to be happy. I get really inspired whenever I read about IRB Infrastructure and Virendra Mhaiskar and how he is taking the company to great heights.
Virendra Mhaiskar is not just taking his company in the right direction of success. In fact, he is also taking good steps towards making the roads and highways of India, better. I also read about their BOT projects and that’s really something that should be appreciated.
May your fortune will be like this forever. Keep growing and help us for our growth.
They are successfully grabbing one after another project. I can see them going only upwards with this attitude.
It is actually no surprise to see him and his company performing well. When you have done so much for the country you ought to get something back. All the best.
It is good to see private companies helping India in progressing. The companies know the importance of infrastructure. We have to find a few more leaders like Virendra Mhaiskar who can be selfless in their approach.
A great success story. The journey of Virendra Mhaiskar keeps getting better
Fantastic work done by a fantastic person who hardly lets his company down. He is a pioneer of developing world class roads in India.
I need job please help me