IRB Infrastructure Developers Ltd
NSE: IRB BSE: 532947
₹16.24
-0.55 (3.28%)
Wed, 28 Oct 2026, 10:48 am
Market Cap (in Cr)19626.75
PE Ratio15.69
Dividend1.05
Industrial Services
Engineering & Construction
24.5KIRB Infrastructure Developers Ltd Company History
1977
- IRBPL incorporated as private limited company.
- Executed various road construction contracts including World Bank-aided projects as EPC contractor (1977-1995).
1995
- Signed concession agreement for first BOT project: Thane-Bhiwandi Bypass Phase I.
1997
- Completed construction of Thane-Bhiwandi Bypass.
- Signed concession agreement for Kharpada Project bridge over River Patalganga.
1998
- Incorporated as DVJ Leasing and Finance Private Limited on July 27.
- Signed concession agreement for Bhiwandi-Wada project.
- Signed concession agreement for Thane-Bhiwandi Bypass Phase II.
- Signed concession agreement for Khambatki Ghat project.
- Signed concession agreement for Kaman-Paygaon project.
1999
- Shifted registered office to Dadar, Mumbai effective July 1.
- Completed Bhiwandi-Wada project.
- Completed Kharpada Project bridge over River Patalganga.
2000
- Completed Kaman-Paygaon project.
- Completed Khambatki Ghat project.
2001
- Signed joint venture with Mudajaya Corporation for Ratanpur-Himmatnagar NH-8 EPC contract.
- Signed funded EPC contract for Ratanpur-Himmatnagar NH-8 (54 km) with NHAI.
- Signed concession agreement for Ahmadnagar-Karmala-Temburni Road project.
2002
- Signed O&M and rehabilitation contracts for Chiloda-Naroda, Ahmedabad Bypass, Ahmedabad-Vadodara NH-8, and Vadodara-Surat NH-8 sections.
- Signed concession agreement for Mohol-Kurul-Kamti-Mandrup road.
2003
- Signed concession agreement for Pune-Sholapur project.
- Signed concession agreement for Pune-Nashik project.
- Completed construction of Ahmadnagar-Karmala-Temburni Road project.
- Completed Thane-Bhiwandi Bypass Phase II.
2004
- Completed funded EPC contract for Ratanpur-Himmatnagar NH-8 section.
- Emerged highest bidder for Mumbai-Pune Expressway (upfront Rs. 918 crore).
- Signed concession agreement and achieved financial closure for Mumbai-Pune Expressway (Rs. 1,181.41 crore).
- Commenced construction of NH-4 and toll collection on Mumbai-Pune Expressway.
- Completed construction of Pune-Sholapur BOT project.
2005
- Granted Bharuch Surat BOT project.
- Commenced construction and O&M on Mumbai-Pune Expressway as BOT operator.
- Signed concession agreement for four-laning sections of Nagpur-Hyderabad NH-7.
- Emerged highest bidder for Thane-Ghodbunder project (negative grant Rs. 140.40 crore).
- Completed construction of Pune-Nashik project.
- Signed concession agreement and achieved financial closure for Thane-Ghodbunder (Rs. 216.60 crore); commenced toll collection.
2006
- IDAA became subsidiary on June 21.
- Held EGM on October 30 to change name to IRB Infrastructure Developers Private Limited; certificate issued November 8.
- Held EGM on November 25 to become public limited company; certificate issued November 27.
- Shifted registered office to IRB Complex, Chandivli, Andheri East, Mumbai effective November 28.
- Signed concession agreement for Bharuch Surat project.
- Commenced toll collection on Mumbai-Pune NH-4.
- Achieved financial closure for Bharuch Surat project (Rs. 1,210.95 crore).
- Paid negative grant of Rs. 504 crore to NHAI for Bharuch Surat project.
2007
- Became holding company of IRB Group pursuant to restructuring.
- Subscribed to 66% shareholding in Aryan on July 18.
- Increased shareholding in IRBPL, MIPL, TGTRPL, IRB Infra, and NKT on September 8.
- Formed consortium with Deutsche Bank for NHDP Phase V packages.
- Awarded Janmarg BRT project Narol Circle to Naroda Patiya (Rs. 132.99 crore) by Ahmedabad Municipal Corporation.
- Awarded additional Tapi Bridge work (Rs. 44.15 crore) for Bharuch Surat project.
- Awarded Janmarg BRT project Pirana-Danilimada-Maninagar-Narol (Rs. 78.36 crore) by Ahmedabad Municipal Corporation.
- Completed construction of Thane-Ghodbunder project.
- Granted pre-qualified status for NHDP Phase V projects.
- Acquired shares making IRBPL, IRB Infra, NKT, TGTRPL, and MIPL wholly-owned subsidiaries.
- Submitted bids for Gurgaon-Kotputli-Jaipur NH-8 and Surat-Dahisar NH-8.
- Submitted bid for Integrated Road Development Program in Kolhapur.
2008
- Launched IPO from January 31 to February 5, oversubscribed 4.3 times, issue price Rs. 185 per share.
- Listed on BSE and NSE on February 25.
- Declared Successful Bidder for six-laning Surat-Dahisar NH-8 (239 km) on BOT Toll basis.
- Declared Successful Bidder for Integrated Road Development Programme in Kolhapur.
- Executed concession agreement for Surat-Dahisar BOT project on April 30.
2009
- Emerged as lowest bidder for Jaipur-Tonk-Deoli BOT project of NHAI.
- Won CNBC TV18 Essar Steel Infrastructure Excellence Award.
- Emerged as lowest bidder for Talegaon-Amravati BOT project of NHAI.
2010
- Received LOA as Selected Bidder for four-laning of Goa NH-4A (Km 84-153) on BOT Toll basis.
- Bagged six-laning of Tumkur-Chitradurga section of NH-4 in Karnataka.
2011
- IRB Infra emerged as preferred bidder for Ahmedabad-Vadodara highway project.
2012
- Acquired MVR Infrastructure & Tollways Pvt. Ltd.
2013
- Won Rs. 1,500 crore project from Maharashtra Government.
2014
- Received LOA for MSRDC project.
- Bagged Rs. 2,300 crore road project in Haryana from NHAI.
2015
- Yedeshi Aurangabad Tollway Pvt. Ltd. became wholly-owned subsidiary.
- Received LOA for Agra-Etawah Bypass project.
- Executed agreement with NHAI for six-laning project.
- AE Tollway Private Limited executed concession agreement with NHAI.
2016
- Bagged DBFOT road project in Rajasthan.
- Bagged road project from NHAI.
2017
- Completed acquisition of remaining 26% stake in M.V.R. Infrastructure and Tollways Pvt. Ltd.
- Received LOA for Hybrid Annuity Project in Gujarat from NHAI.
- Received LOAs for two Hybrid Annuity Projects under NHDP Phase VI in Tamil Nadu from NHAI.
2018
- Order book stood at Rs. 13,200 crore, including Rs. 12,600 crore construction.
- Tied up Rs. 981 crore from lenders for Vadodara-Mumbai Expressway section.
- Bagged three Hybrid Annuity Model projects in March.
- IRB Hapur Moradabad Tollway executed concession agreement with NHAI.
- Received LOA for temporary user fee collection on Hyderabad Outer Ring Road (Rs. 87 lakhs per day).
- IRB PS Highway and IRB PP Project executed concession agreements for two HAM projects in Tamil Nadu.
- Received LOA for a project in Uttar Pradesh.
2019
- GIC to invest up to Rs. 4,400 crore in road assets; transferred 9 BOT assets to IRB Infrastructure Trust (51% stake held by company).
- IRB Infrastructure Trust closed 2nd tranche rights issue of Rs. 510 crore.
2021
- Emerged as Selected Bidder for Ganga Expressway Group-I (129.7 km) in Uttar Pradesh, received LOA on December 16.
- Scheduled board meeting on October 26 to consider fund raising proposals.
- IRB Infrastructure Trust closed rights issue of Rs. 381.63 crore.
2022
- Achieved financial closure for Rs. 6,538 crore Ganga Expressway project.
2023
- Split face value from Rs. 10 to Rs. 1.
- SPV received Appointed Date for Samakhiyali Santalpur BOT Project in Gujarat from NHAI.
- IRB Infrastructure Trust received LOA for Lalitpur-Lakhnadon NH44 project worth Rs. 4,428 crore from NHAI.
- Emerged as successful bidder and received LOA for Hyderabad Outer Ring Road TOT Project in Telangana.
- SPV received Appointed Date for Chittoor Thachur Hybrid Annuity Project in Tamil Nadu from NHAI.
2024
- Acquired 24% stake in IRB Infrastructure Trust by Cintra from GIC Affiliates.
- Provided update on implementation of Ganga Expressway Project by IRB Infrastructure Trust.
- Implemented Samakhiyali Santalpur BOT Project through IRB Infrastructure Trust.
