IRB Infrastructure is one of the largest road build–operate–transfer (BOT) operators in India. It is an integrated infrastructure construction and development company in India with years of experience in the toll roads and highways sector. The BOT vertical of IRB Infrastructure is complemented by its construction business that involves engineering, procurement, construction, management and operation. IRB Infrastructure owner, Virendra Mhaiskar and his team is in charge of development and operation of roadways, real estate development, airport infrastructure, hospitality and windmill (sale of electricity produced by windmill).
Besides establishing its presence in a number of business fields, IRB Infrastructure has a portfolio of about 23 Road BOT projects. Government agencies and state road development authorities are some of the company’s clients, which work towards development of the country’s major roads and highways. The acquisition of such big clients is made possible by IRB’s in-house integrated project execution capabilities. IRB developers are experts in construction, and operation and maintenance (O&M) of highways.
IRB, along with its subdivisions has operated and maintained or, constructed around 9,295 lane kms of road length till now. Total size of the company’s BOT projects (completed and under execution) is over Rs 284, 928 million. IRB Infrastructure recorded a 9.36 per cent rise in consolidated net profit to Rs 151.16 crore for the March quarter, on higher income. The income from operations crossed Rs 1,536 crore for the March quarter. Rs 991.44 crore was the figure in the corresponding quarter of previous fiscal.
IRB infrastructure owner and MD, Virendra Mhaiskar, approved the company’s statement – “”Income from operations has increased by 33 per cent to Rs 5,130 crore for the year ended FY16 from Rs 3,849 crore for the year ended FY15.”
The construction order book of IRB now stands tall at around Rs 80 billion.Infrastructure development holds the key to overall progress of any country. This fact does not need to be backed by any statistic in case of huge countries like India. While the government of India keeps on planning numerous road projects, developers like IRB Infrastructure look forward towards acquiring each one of them.