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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 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
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

2010

-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.

2011

-IRB Infra emerges preferred bidder for Ahmedabad to Vadodara highway project

2012
-IRB Infra has Acquired MVR Infrastructure & Tollways Pvt. Ltd

2013
-IRB Infrastructure Developers wins Rs. 1500 Cr project from Maharashtra Govt

2014
-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

2015
-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

2016
- IRB Infra bags DBFOT road project in Rajasthan
- IRB Infra bags road project from NHAI

2017
-IRB Infra the Company has completed the process of acquisition of remaining 26 per cent stake in M.V.R. Infrastructure And Tollways Pvt. Ltd.
-IRB Infra received latter of award from National Highways Autority of india for Hybrid Annuity Project under Phase VI in Gujarat.
-IRB Infra received latter of award from National Highways Autority of india for two Hybrid Annuity Project under NHDP Phase VI in Tamil Nadu.

2018

-The company said its engineering, procurement and construction order book stands at about Rs 13,200 crore, including Rs 12,600 crore of construction order book,

- IRB Infra ties up Rs 981 cr from lenders for Vadodara-Mumbai Expressway section

- IRB Infra had bagged three projects under Hybrid Annuity Model in March 2018.

-This is to inform you that IRB Hapur Moradabad Tollway Private Limited- Wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six Laning of Hapur bypass to Moradabad section including Hapur bypass from Km 50.000 (Design Ch. Km 50.000) to Km 148.277 (Design Ch. Km 149.867) of NH 24 (New NH-9) in the State of Uttar Pradesh on DBFOT basis under NHDP Phase V Project.

- ''The Company has received Letter of Acceptance (LOA) from Hyderabad Growth Corridor Limited (HGCL) for the project of ?Collection of user fee through an agency purely on temporary daily basis for Hyderabad Outer Ring Road for a length of 158 km in the state of Telangana, India?.Key highlights of the Project are as under:1. This gives the Company User Fee collection rights on temporary basis at Hyderabad Outer Ring Road. 2. The Contractual amount for the said Project is Rs. 87 Lacs per day for such period as may be agreed between HGCL and the Company. 3. The toll operation will commence by May 23, 2018 subject to the compliance of statutory formalities viz. submission of performance security, signing of contract as per the LOA. ''.

-IRB Infrastructure Developers Limited has said that IRB PS Highway Private Limited and IRB PP Project Private Limited - wholly-owned subsidiaries of the company have executed concession agreement with National Highways Authority of India (NHAI) for two Hybrid Annuity Projects under NHDP Phase IV in the state of Tamil Nadu.

--IRB Infrastructure Developers said that it has received LoA for a project in Uttar Pradesh.

2019

-Singapore's sovereign wealth fund GIC will invest up to Rs 4,400 crore in the road assets of IRB Infrastructure Developers, according to a company statement As part of the transaction, IRB will transfer 9 of its BOT (build, operate and transfer) assets into a private infrastructure investment trust in which IRB will hold controlling stake of 51 per cent, IRB.

- IRB Infrastructure Trust - Private InvIT has successfully closed 2nd Tranche of fund raising by way of Rights Issue of Units amounting to Rs. 510 Crore. The Company being the Sponsor and 51% stakeholder, contributed Rs. 260 Crore and the GIC Affiliates holding 49% have contributed balance Rs. 250 Crore. This is part of the total commitment of Rs. 4,400 Crore by GIC affiliates towards 49% stake in Pvt InvIT housing 9 BOT assets, out of which IRB Infrastructure Trust has already receive 3,753 Crores from GIC affiliates in February, 2020.

Further the Company will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust.

2021

-The Company has emerged as the Selected Bidder for the Project of Development of Access Controlled Six Lane (Expandable to Eight Lane) Greenfield ''Ganga Expressway'' Group-I, from Km. 7+900 (Village: Bijoli, Distt: Meerut) to Km. 137+600, (Village: Nagla Barah, Distt: Budaun), Design length 129.700 Km in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP and have received Letter of Award (LOA) dated December 16, 2021 from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

-IRB INFRASTRUCTURE DEVELOPERS LTD.has informed that the meeting of the Company is scheduled on 26/10/2021 ,inter alia, to consider and approve In continuation to our earlier intimation dated October 20, 2021 and pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations, also consider and approve, inter alia, a proposal of fund raising by way of issue of equity shares/ bonds/ debentures/ non-convertible debt instruments/ securities and/or any other instruments/ any other securities including through preferential issue on a private placement basis, qualified institutions placement, rights issue or any other methods or combination thereof including determination of issue price as may be permitted under applicable laws, subject to such regulatory or statutory approvals as may be required and the approval of the shareholders of the Company.

-RB Infrastructure Developers Limited has informed that regarding ''IRB Infrastructure Trust Private InvIT has successfully closed fund raising by way of Rights Issue of Units amounting to Rs. 381.63 Crores from existing unitholders. The Company being the Sponsor and 51% unitholder of the Private InvIT, invested Rs. 194.63 Crores and GIC Affiliates holding 49% units have invested Rs. 187.00 Crores''.

2022
-IRB Infra achieves financial closure for Rs 6538 cr Ganga Expressway project.

2023
-The Company has splits its face value from Rs. 10/- to Rs. 1/-.
-IRB Infra SPV receives Appointed Date from the NHAI for its Samakhiyali Santalpur BOT Project in the State of Gujarat.
-IRB Infrastructure Trust receives the Letter of Award (LoA) from NHAI for Rs. 4,428 Crs Lalitpur-Lakhnadon NH44
-RB Infra emerges as the successful bidder and has received LOA for Hyderabad Outer Ring Road TOT Project in the State of Telangana.
-IRB Infra SPV receives appointed date from NHAI for Chittoor Thachur Hybrid Annuity Project in Tamil Nadu.

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