IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Limited is engaged in the business of construction works and land development, as well as road maintenance along with the construction and development of highways in India. The company has been pursuing its business, based on build – operate –transfer often called BOT.
The IRB Infrastructure Developers Limited is divided into two parts. The first part deals with the BOT operations, where the electricity and power generation are being carried from the windmill. The hospitality management is also included in the same part. The second one deals with construction works, focusing on the maintenance and infrastructure of roads and airports. The company is also pursuing businesses related to the maintenance of the real estate. IRB Infrastructure Developers Limited has developed 12800 kilometres of lanes including roads and highways in 2018. The company started its business operations in 1998 and is headquartered in Mumbai.
About Company Information:
During the year of 1999-2001, many agreements were completed and signed by IRB Infrastructure Developers Limited. At this period, the company had gone through a merger with the Malaysia-based Mudajaya Corporation, to work in developing the national highways, especially the NH8. This contact of the merger was funded by the Government of India. A long road from Ratanpur to Himmatnagar had been developed at this time.
A contract for the development of Ahmednagar to Tembhurni road, as a BOT project had also been signed by the company. In 2002, IRB Infrastructure Developers Limited had gone to an agreement with a Government of India organization, namely National Highway Authority of India (NHAI), for constructing the highway from Vadodara to Surat. The road from Mohol to Mandrup has also been constructed by the organization in the same year and in the same way.
In 2003, IRB Infrastructure Developers Limited signed a concession contract for the project from Pune to Solapur. The company had also got the Pune-Nasik project on BOT basis on the same year. The phase II of the Ahmednagar-Temburni project was also completed along with the Bypass project of the Bhiwandi in 2003. This year had been typically eventful with much complexities for the company.
In 2004, IRB Infrastructure Developers Limited has been recognized as the most eligible bidder, as it bid the highest for the Mumbai to Pune project of the expressway maintenance and construction. They had been asked to pay Rs.918 crores to the Road Development Department of the state of Maharashtra. The company also entered into a concession agreement for the expressway project. The amount which was decided for the agreement was approximately Rs.1181 crore. In the same year, the organization completed construction of the NH4.
In 2005, the IRB Infrastructure Developers Limited had agreed to a deal with NHAI, for the construction of NH7 in Nagpur to Hyderabad part of Maharashtra. Another event of this year was the concession agreement that had been signed for the Thane-Ghodbunder project, which consisted of the amount of Rs.216.60 crores. In this year the Pune-Nashik project had been completed.
In January 2007, the company formed a consortium with Singapore-based Deutsche Bank AG for pre-qualifying together, the eight packages under National Highway Development Project V. Karnataka’s six-laning of Tumkur-Chitradurga section of NH-4 was achieved by the company in 2010. MVR Infrastructure & Tollways Pvt. Ltd was acquired by IRB Infrastructure Developers Limited in 2012.
A project, worth Rs.1500 crores was bagged by IRB Infrastructure Developers Limited by Govt. of Maharashtra in 2013. A road project of Rs.2300 crores in Haryana was bagged by the company from the NHAI. In 2018, IRB Infrastructure Developers Limited had acquired the tender of the Hapur- Moradabad project, in the BOT space of Uttar Pradesh.
The contract of Vadodara to Mumbai expressway had also been bagged by IRB Infrastructure, which had been much beneficial for the company. Brand equity of the company has been observing a sharp acceleration from this period. The Solapur-Yedeshi four-lane highway had also been constructed by the organization.
How IRB Infrastructure Developers Ltd, is categorised as a Construction Sector, and Construction & Contracting Industry :
Construction Sector consists of company stocks that deal with the preparation as well as the construction of real estate properties. IRB Infrastructure Developers Ltd is categorized under the Construction and Contracting industry.
The construction industry is one of the most booming businesses in the whole world. The remodelling of any existing building or making specific alterations in the same also comes under the Construction Industry.
IRB Infrastructure Developers Ltd, Competitors and Sector Peers:
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Ashiana Housing Ltd. - ASHHOU
Ashoka Buildcon Ltd. - ASHBUI
Ashoka Metcast Ltd. - ASHOME
Athena Constructions Ltd. - ATHCON
Autumn Builders Ltd. - AUTBUI
Aventus Buildcon Ltd. - RATNAI
B L Kashyap & Sons Ltd. - BLKAS
B Nanji Enterprises Ltd. - BNANEN
BDR Buildcon Ltd. - BDRBUI
Brand Realty Services Ltd. - SAHFIN
Diamant Infrastructure Ltd. - DIAINV
Diggi Multitrade Ltd. - DIGGMU
Dilip Buildcon Ltd. - DILBUI
DS Kulkarni Developers Ltd. - DSKULD
Dugar Housing Developments Ltd. - JPGLO
Dynamic Archistructures Ltd. - DYNARC
East Buildtech Ltd. - CHOBUS
Excel Realty N Infra Ltd. - EXCEL
Exelon Infrastructure Ltd. - MPOILA
Fact Enterprise Ltd. - FACENT
Future Market Networks Ltd. - FUTMAL
Gammon India Ltd. - GAMIND
Ganesh Housing Corporation Ltd. - GANHOU
Garnet Construction Ltd. - GARCON
Godrej Properties Ltd. - GODPRO
Hindustan Construction Company Ltd. - HINCOC
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IITL Projects Ltd. - INDGRE
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India Green Reality Ltd. - INDGRR
India Infraspace Ltd. - GANINF
Indiabulls Integrated Services Ltd. - INDWHO
Indiabulls Real Estate Ltd. - INDREA
Indo Pacific Projects Ltd. - INDPAC
KCL Infra Projects Ltd. - KADCON
Kedia Construction Company Ltd. - KEDCON
King Infra Ventures Ltd. - VICAQU
KMF Builders & Developers Ltd. - KMFBUI
Madhucon Projects Ltd. - MADHPR
Magnanimous Trade & Finance Ltd. - MAGNTR
Mahindra Lifespace Developers Ltd. - MAHLIF
Man Infraconstruction Ltd. - MANINF
Manas Properties Ltd. - MANAPR
Manav Infra Projects Ltd. - MANAVI
Narendra Properties Ltd. - NARPRO
Navkar Builders Ltd. - NAVBUI
Numero Uno Finance Ltd. - NUMUNO
Nyssa Corporation Ltd. - RAVTRA
Oberoi Realty Ltd.- OBEREA
Ocean Infrastructure Ltd. - OCEINF
Orbit Corporation Ltd. - ORBCOR
Ozone World Ltd. - ANALEA
Parle Software Ltd. - PARSOF
Parshwanath Corporation Ltd. - PARSHO
Parsvnath Developers Ltd. PARSDE-
Patel Engineering Ltd. - PATELE
Patidar Buildcon Ltd. - TELLAB
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Premier Energy and Infrastructure Ltd. - PREENE
Prestige Estates Projects Ltd. - PREEST
Prime Property Development Corporation Ltd. - PRIPRO
Proto Developers & Technologies Ltd. - PRODEV
PSP Projects Ltd. - PSPPRO
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