Latest news with #VirendraDMhaiskar
&w=3840&q=100)
Business Standard
30-05-2025
- Business
- Business Standard
IRB board approves asset transfer to InvIT fund worth Rs 8,450 crore
The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund. The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing. "Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it said. The three sell three BOT highway assets with enterprise value of about Rs 8,450 crore. Virendra D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred." He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three years. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
30-05-2025
- Business
- Time of India
IRB board gives nod to asset transfer worth Rs 8,450 crore
The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund . The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing. "Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The three sell three BOT highway assets with enterprise value of about Rs 8,450 crore. Virendra D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred." Live Events He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three years. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
Time of India
19-05-2025
- Business
- Time of India
IRB Infrastructure Developers Q4 Results: Profit grows 14% to Rs 215 crore
IRB Infrastructure Developers Ltd on Monday posted 14 per cent growth in net profit at Rs 214.7 crore for March quarter FY25 driven by rise in revenue from operations. It had logged Rs 188.8 crore net profit in the fourth quarter of preceding 2023-24 fiscal, the company said in an exchange filing. Total revenue from operations rose to Rs 2,149.2 crore from Rs 2,061.2 crore in the same period a year ago. Expenses were lower at Rs 1,895.3 crore as against Rs 2,060.1 crore in January-March FY24. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. In entire FY25, the company's net profit surged to Rs 6,480.6 crore from Rs 605 crore in FY24. On April 9, IRB Infrastructure posted 23 per cent year-on rise in its toll revenue to Rs 6,360 crore for financial year 2024-25. Live Events "The results are promising, with a strong 23 per cent growth in toll revenue over last year, outpacing the national growth rate of 12.5 per cent. Although the first half was impacted by general elections, we witnessed robust growth in the second half of FY25," CMD Virendra D Mhaiskar said. The two TOT projects that commenced operations during the year have been encouraging and exceeding estimates. With the government's push for PPP projects in the Union Budget , the company remains focused on expected higher momentum in BOT and TOT (Build-Operate-Transfer and Toll-Operate-Transfer) bid line-up. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
Economic Times
19-05-2025
- Business
- Economic Times
IRB Infrastructure Developers Q4 Results: Profit grows 14% to Rs 215 crore
IRB Infrastructure Developers Ltd on Monday posted 14 per cent growth in net profit at Rs 214.7 crore for March quarter FY25 driven by rise in revenue from operations. It had logged Rs 188.8 crore net profit in the fourth quarter of preceding 2023-24 fiscal, the company said in an exchange filing. ADVERTISEMENT Total revenue from operations rose to Rs 2,149.2 crore from Rs 2,061.2 crore in the same period a year ago. Expenses were lower at Rs 1,895.3 crore as against Rs 2,060.1 crore in January-March FY24. In entire FY25, the company's net profit surged to Rs 6,480.6 crore from Rs 605 crore in FY24. On April 9, IRB Infrastructure posted 23 per cent year-on rise in its toll revenue to Rs 6,360 crore for financial year 2024-25. "The results are promising, with a strong 23 per cent growth in toll revenue over last year, outpacing the national growth rate of 12.5 per cent. Although the first half was impacted by general elections, we witnessed robust growth in the second half of FY25," CMD Virendra D Mhaiskar said. ADVERTISEMENT The two TOT projects that commenced operations during the year have been encouraging and exceeding estimates. With the government's push for PPP projects in the Union Budget, the company remains focused on expected higher momentum in BOT and TOT (Build-Operate-Transfer and Toll-Operate-Transfer) bid line-up. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states. (You can now subscribe to our ETMarkets WhatsApp channel)
