Q3FY19 Results: IRB Infrastructure posts Net Profit Rs. 219 Crs; Total Income Rs. 1,835 Crs Net Profit up 6%; Total Income up 37% against Q3FY18 Mumbai, February 4, 2019: IRB Infrastructure Developers Ltd. (IRB Infra) has posted Net Profit of Rs. 219 Crs for the 3rd Quarter ended 31st December 2018; thus registering growth of […]
IRB Infrastructure, led by Virendra D Mhaiskar, completed Kaithal-Rajasthan highway project
IRB Infrastructure, India’s leading road developing comp any, has taken big strides in the last decade, and emerged as one of the most trusted highway builders in the country. Over the years, it has executed a number of complex projects in across different states. The company is well-known for completing their projects ahead of […]
IRB Infrastructure’s Q4 net profit goes up by 16 per cent
IRB Infrastructure, India’s largest road developing giant, has declared the audited financial results for the Q4 and FY18. The Q4 net profit of the company is up by 16 per cent to Rs 240 crore. On the other hand, the FY18 net profit has surged 29 per cent to Rs 920 crore. The total income […]
With a Rs 9,681- crore bid, Macquarie bags the first TOT project
In 2016, the National Highways Authority of India (NHAI) was authorized by the Centre to monetize operational national highway projects. Doing so under the toll-operate-transfer (TOT) model, the plan was to monetize public funded roads in order to cover the gap in infrastructure investment. According to the Economic Survey, this gap is estimated to reach […]
Virendra Mhaiskar, the MD of IRB rubbishes land scam charges levied by CBI
IRB Infrastructure, a leading road developing company has been dragged into a land scam controversy by CBI, but the MD of the company, Mr Virendra Mhaiskar stated that the company has never crossed the line or indulged in immoral activity. A charge sheet was filed by the anti-corruption wing of CBI against Virendra Mhaiskar and […]
“Committed to connect India with the World Class Highways Infrastructure”
In an interview with Construction and Architecture Magazine, Chairman & Managing Director, Virendra Mhaiskar said “IRB Infrastructure is Committed to connect India with the World Class Highways Infrastructure”. IRB Infrastructure is leading with the best domain expertise, skills set, technology support and human resource for execution supported by the sound balance sheet, all making us to […]
Ex-NHAI chief Rajinder Pal Singh joins IRB infrastructure as Director, Chairman
IRB Infrastructure Developers Ltd has grabbed the headlines, yet again. The company has recently announced the appointment of Rajinder Pal Singh as the independent director and chairman of one of its wholly-owned subsidiaries named IRB Infrastructure Private Ltd. Singh, 65, who has worked as the former National Highway Authority of India (NHAI) chief, will be […]
Despite demonetization, IRB Infrastructure Developers’ toll collection up by 3 per cent
IRB Infrastructure – Demonetization has slowed down growth rate of Indian economy by putting a temporary halt to many of its businesses. Various economists in the country have reported negative growth in the November-December period of the year 2016. But there’s been one exception – IRB Infrastructure Developers. IRB Infrastructure owner, Virendra Mhaiskar, proudly posted […]
IRB Infrastructure owner Virendra Mhaiskar plans on expanding company’s operations
A Rs 1,900-crore company, IRB Infrastructure Developers, is one of India’s biggest toll road operators. The highway developer has maintained and built more than 1,200 kilometers of roads. Virendra Mhaiskar, the Managing Director and Chairman of IRB, is the driving force behind the group who has been delivering consecutive success. The IRB Infrastructure-owner, a civil […]
Virendra D Mhaiskar, IRB Infrastructure owner, has more reasons to smile as company shares gain 3%
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 […]