|The Company was incorporated as a private
limited company,DVJ Leasing and Finance Private Limited
on July 27,1998 under the Companies Act. The Company
was primarily formed to fund the capital requirement of the
IRB GroupÂsinitiatives in the infrastructure and construction sectors
Although the Company was incorporated as a leasing and
financing company, it did not undertake any leasing business.
In the past, the Company has carried on certain maintenance
operations for road projects constructed by other entities in the
IRB Group. In 2005, the Company was granted the Bharuch Surat
BOT project. Subsequently, pursuant to the restructuring of the
IRB Group in the fiscal year 2007, the Company became the holding
company of the IRB Group
Following the restructuring of the IRB Group, the name of the
Company was changed from DVJ Leasing and Finance Private
Limited to IRB Infrastructure Developers Private Limited pursuant to
a special resolution of the shareholders of the Company at an EGM held
on October 30, 2006. The fresh certificate of incorporation
consequent upon the change of name was granted by the RoC on
November 8, 2006. Subsequently, pursuant to a special resolution
of the shareholders of the Company at an EGM held on
November 25, 2006, the Company became a public limited
company and the word private was deleted from its name.
The certificate of incorporation to reflect the new name was
ssued by the RoC on November 27, 2006.
IDAA become the subsidiary of the Company on June 21, 2006.
The Company subsequently subscribed to 66% of the shareholding
in Aryan on July 18, 2007. On September 8, 2007, the Company increased
its shareholding in IRBPL, MIPL, TGTRPL, IRB Infra and NKT to further
consolidate the CompanyÂs shareholding in the Subsidiaries.
For further information on such reconstruction see ManagementÂs
Discussion and Analysis of Financial Condition and Results of Operations
as per the consolidated Financial Statements .
The registered office of the Company was shifted with effect from
July 1, 1999 from Manisha Safalya, Mahatma Gandhi Road, Dombivli,
Mumbai 421 202, to 501, Dattashram,Hindu Colony, Lane No.1, Dadar
Mumbai 400 014. Thereafter, the registered office of the Company
was shifted to 3rd Floor, IRB Complex, Chandivli Farm, Chandivli Village,
Andheri (East),Mumbai 400 072 with effect from November 28, 2006.Ideal
Road Builders Private Limit
1977 IRBPL was incorporated as a private limited company.
1977 to 1995 Execution of various construction contracts in the roads
sector including World Bank aided projects as an EPC contractor.
September 1995 First venture in BOT Project being the signing of the
Concession Agreement for Thane Bhiwandi Bypass Phase
June 1997 Completion of the construction activities in the Thane Bhiwandi
November 1997 Signing of the concession agreement for the Kharpada
Project for construction of a bridge over river Patalganga on a BOT basis.
January 1998 Signing of the concession agreement for the Bhiwandi
Wada project on a BOT basis.
July 1998 Incorporation of the Company as a private limited company.
September 1998 Signing of the concession agreement for the
Thane Bhiwandi Bypass Phase II on a BOT basis.
November 1998 Signing of the concession agreement for the
Khambatki Ghat project on a BOT basis.
December 1998 Signing of concession agreement for the Kaman
Paygaon project on a BOT basis.
February 4, 1999 Completion of the Bhiwandi Wada project on
a BOT basis.
July 20, 1999 Completion of the Kharpada Project Bridge over
River Patalganga on a BOT basis.
March 25, 2000 Completion of the Kaman Paygaon project
on a BOT basis
August 15, 2000 Completion of the Khambatki Ghat project
on a BOT basis.
January 2001 Signing of the joint venture agreement with
Mudajaya Corporation of Malaysia for the execution of NHAI funded
contract for the Ratanpur to Himmatnagar section of NH 8 for 54 kms.
January 2001 Signing of a funded EPC contract for the Ratanpur to
Himmatnagar section of NH 8 for 54 kms with the NHAI.
November 2001 Signing of the concession agreement for the
Ahmadnagar-Karmala-Temburni Road project on a BOT basis.
May 2002 Signing of an O&M and rehabilitation works contract
with the NHAI for the Chiloda Naroda Section, Ahmedabad Bypass
and the Ahmedabad Vadodara Section of NH 8 inGujarat.
May 2002 Signing of an O&M and rehabilitation works contract
with the NHA I for Vadodara-Surat section of NH 8 in Gujarat.
Signing of the concession agreement for the Mohol-Kurul-Kamti-Mandrup road on a BOT basis.
Signing of the concession agreement for the Pune Sholapur Project on a BOT basis.August 25, 2003 Completion of construction activities i n the Ahmadnagar-Karmala-Temburni Road
project on a BOT basis
Signing of the concession agreement for the Pune Nashik project on a BOT basis.
Completion of the Thane Bhiwandi Bypass Phase II.
Completion of the construction activities in Thane Bhiwandi Bypass BOT project - Phase
Completion of the construction activities for the funded EPC Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54 kms.
Emerged as the highest bidder for Mumbai-Pune Expressway project by making upfront payment of Rs. 918 crore to MSRDC for concession rights for a period of 15 years.
Signing of the concession agreement and financial closure of the Mumbai Pune Expressway project of Rs. 1,181.41 crore.
Commencement of construction activities of the NH 4 and commencement of toll collection on the Mumbai Pune Expressway.
December 10, 2004
Completion of construction activities for the Pune Sholapur BOT project.
Commencement of construction activities on the O&M on Mumbai-Pune Expressway as BOT operator.
Signing of the concession agreement with the NHAI for the the four-laning of (a) km 64-000 to km 94-000 and (b) Km 123 to km 153 of the Nagpur-Hyderabad section of NH 7 in the State of Maharashtra.
Emerged as the highest bidder for the Thane Ghodbunder project by offering a negative grant of Rs. 140.40 crore to the MSRDC for concession rights for a period of 15 years.
December 20, 2005
Completion of the construction activities for the Pune-Nashik Project.
Signing of the concession agreement and financial closure of the Thane Ghodbunder project with financing of Rs.216.60 crore and commencement of toll collection.
Signing of the concession agreement for the Bharuch Surat project on a BOT basis.
Commencement of toll collection on Mumbai- Pune NH 4.
Achieved financial closure of the Bharuch Surat project with financing of Rs. 1,210.95 crore.
Payment of a negative grant to NHAI of Rs. 504 crore in respect of the Bharuch Surat project.
Formed a consortium with Deutsche Bank AG, Singapore to jointly pre-qualify for eight packages of four to six laning under NHDP V.
Awarded the contract by the Ahmedabad Municipal Corporation for the construction of Janmarg (Bus Rapid Transport System Project) from Narol Circle to Naroda Patiya in Ahmedabad for a total project cost of Rs. 132.99 crore.
Balance work of construction of Tapi Bridge amount to Rs. 44.15 crore was awarded as an additional scope of work to Bharuch Surat BOT Project
Awarded the funded contract by the Ahmedabad Municipal Corporation for construction of Janmarg (Bus Rapid Transport System Project) from Pirana-Danilimada-Maninagar-Narol in Ahmedabad for a total project cost of Rs. 78.36 crore.
Successfully Completed the construction phase of the Thane-Ghodbunder project.
Granted "pre-qualified" status that entitled the IRB Group to submit request for proposals for certain NHDP Phase V road infrastructure projects; namely, the Chennai-Tada project on NH 5, the Gurgaon - Kotputli - Jaipur project on NH 8, the Surat - Dahisar project on NH 8, the Chilkaluripet - Vijayawada project on NH 5 and the Panipat - Jalandhar project on NH 1.
Acquisition of shares in IRBPL, IRB Infra, NKT, TGTRPL and MIPL making them wholly-owned Subsidiaries of the Company.
Submitted bids for the Gurgaon - Kotputli - Jaipur project on NH 8 and the Surat - Dahisar project on NH 8. For further information, see "Business-Our BOT Infrastructure Development Projects - Recent Developments" on page 83 of this Prospectus
Submitted a bid for a BOT project relating to the Integrated Road Development Program in Kolhapur.
Company has launch its Initial Public Issue duing 31st January 2008 to 5th February 2008. The issue was oversubscribed by 4.3 times. Issue price thereafter was fixed at Rs. 185/- per share
Declared as Successful Bidder for the Project of " Six Lanning of Surat - Dahisar section of NH-8 from Km 263.00 to Km 502.00 (Length - 239 Km ) in the state of Gujarat / Maharashtra to be executed as BOT (Toll) basis on DBFO Pattern under NHDP Phase - V"
Company was listed on Bombay Stock Exchange and National Stock Exchange on 25th February 2008
Declared as Successful Bidder for the project of " Integrated Road Development Programme (IRDP) for Kolhapur City"
Concession Agreement for 6 - Laning of Surat - Dahisar BOT Project on DBFO pattern has been executed on 30th April 2008 Between National Highways Authority of India and IRB Surat Dahisar Tollway Private Limited at New Delhi
-IRB has emerged as lowest bidder for a Jaipur Tonk Deoli BOT Project of NHAI
-IRB wins the CNBC TV 18 Essar Steel Infrastructure Excellence Award
-IRB hits a Four !!! emerged as lowest bidder for a Talegaon Amravati BOT Project of NHAI
-The Company have received an official communication from the National Highways Authority of India (NHAI) by way of a Letter of Award whereby NHAI has accepted Company's Price Bid and has declared the Company as the "Selected Bidder" for the Project of Four Laning of Goal Karnataka Border to Panaji - Goa stretch of NH-4A from Km 84.000 to Km 153.070 in the State of Goa on BOT Toll Basis on DBFO pattern.
-IRB Infrastructure Developers has bagged the six-laning of Tumkur-Chitradurga section of NH-4 in the state of Karnataka.
-IRB Infra emerges preferred bidder for Ahmedabad to Vadodara highway project
-IRB Infra has Acquired MVR Infrastructure & Tollways Pvt. Ltd
-IRB Infrastructure Developers wins Rs. 1500 Cr project from Maharashtra Govt
-IRB Infra receives letter of award for MSRDC project
-IRB Infrastructure Developers Ltd has bagged Rs 2,300 crore road project in Haryana from National Highways Authority of India
-IRB Infrastructure Developers Ltd Yedeshi Aurangabad Tollway Pvt. Ltd. wholly-owned Subsidiary of the Company
-IRB Infra receives LOA for Agra -Etawah Bypass project
-IRB executes agreement with NHAI for six laning project
-AE Tollway Private Limited - Wholly-owned Subsidiary of the Company now executed Concession Agreement with NHAI
- IRB Infra bags DBFOT road project in Rajasthan
- IRB Infra bags road project from NHAI