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IRB Infrastructure Developers Ltd. Company History and Annual Growth Details

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 Groupsinitiatives 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 Companys shareholding in the Subsidiaries.
For further information on such reconstruction see Managements
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
Bypass

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.

May 2002
Signing of the concession agreement for the Mohol-Kurul-Kamti-Mandrup road on a BOT basis.

February 2003
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
.
August 2003
Signing of the concession agreement for the Pune Nashik project on a BOT basis.

December 2003
Completion of the Thane Bhiwandi Bypass Phase II.

December 2003
Completion of the construction activities in Thane Bhiwandi Bypass BOT project - Phase

January 2004
Completion of the construction activities for the funded EPC Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54 kms.

May 2004
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.

August 2004

Signing of the concession agreement and financial closure of the Mumbai Pune Expressway project of Rs. 1,181.41 crore.

August 2004
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.

April 2005
Commencement of construction activities on the O&M on Mumbai-Pune Expressway as BOT operator.

July 2005
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.

November 2005
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.

December 2005
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.

July 2006
Signing of the concession agreement for the Bharuch Surat project on a BOT basis.

September 2006
Commencement of toll collection on Mumbai- Pune NH 4.

December 2006
Achieved financial closure of the Bharuch Surat project with financing of Rs. 1,210.95 crore.

December 2006
Payment of a negative grant to NHAI of Rs. 504 crore in respect of the Bharuch Surat project.

January 2007
Formed a consortium with Deutsche Bank AG, Singapore to jointly pre-qualify for eight packages of four to six laning under NHDP V.

February 2007
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.

April 2007
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

June 2007
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.

July 2007
Successfully Completed the construction phase of the Thane-Ghodbunder project.

September 2007
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.

September 2007
Acquisition of shares in IRBPL, IRB Infra, NKT, TGTRPL and MIPL making them wholly-owned Subsidiaries of the Company.

November 2007
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

December 2007
Submitted a bid for a BOT project relating to the Integrated Road Development Program in Kolhapur.

January 2008
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

February 2008
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'

February 2008
Company was listed on Bombay Stock Exchange and National Stock Exchange on 25th February 2008

February 2008
Declared as Successful Bidder for the project of ' Integrated Road Development Programme (IRDP) for Kolhapur City'

April 2008
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


2009
-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