The roads and highways in India have undergone a massive transformation in the last couple of decades, owing to the favorable work-policies and public-private partnership. Many renowned Infrastructure firms have played a massive role to ensure a substantial change in the paradigm of Indian roads. One such firm is IRB Infrastructure Developers Ltd, which has been instrumental in transforming the landscape of road Infrastructure in the country.
Having made an impeccable contribution to the road infrastructure, IRB Infrastructure has become one of the prominent highway developing world. The company started its journey to change the standard of the Indian roads in 1998. IRB Infrastructure went onto develop India’s first BOT (Built Operate Transfer) project under the leadership of Virendra D Mhaiskar. The company also constructed many complex projects across difficult terrains in the country over the last 20 years.
The massive project portfolio of IRB Infrastructure makes it a key player in India’s pursuit of world-class roads. Boasting 22 owned projects with a cumulative length of 12,600 kms, the company has an asset value of Rs 35,000 crores.It also has a 20 per cent share in the country’s most prestigious Golden Quadrilateral project.
After taking major strides in the BOT space, IRB Infrastructure forayed into the HAM (Hybrid Annuity Model)space, before launching the country’s first Infrastructure Investment Trust (InvIT)in the most testing phase for the infrastructure development world. The precarious lending environment and shrinking pace of awarding has thrown a number of hurdles in the way of the infrastructure sector.
The scenario is quite challenging, as the authorities across the country are also feeling the heat. While around 17,000 kms of road projects were awarded in FY 2017-18, only 5,543 kms of projects were awarded to the infrastructure companies in 2018-19. Almost all the small and major players have been affected by this slowdown. However, renowned players like IRB Infrastructure have used the slowdown to strengthen their systems and processes.
With an extensive understanding of the projects and a highly proficient team at its disposal, IRB Infrastructure is able to analyze the detailed risk returns, scientific and geographical factors to determine the suitable projects for generating higher internal rate of return with predictable risks. The company is well-known for executing complex projects ahead of the time.
Having amassed an experiences of over two decades, coupled with engineering expertise, equipment portfolio and skilled team, IRB Infrastructure ensures no cost-overruns and commences the tolling operations on time. Backed by a number of impeccable features, the company has well and truly gained an upper hand in the road and highway developing world.
