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IRB Infrastructure Developers
BSE: 532947|NSE: IRB|ISIN: INE821I01014|SECTOR: Infrastructure - General
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Company History - IRB Infrastructure Developers
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 Group’sinitiatives 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 Company’s shareholding in  the Subsidiaries. 
 For further information on such reconstruction see Management’s 
 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
Source : Dion Global Solutions Limited
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