iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

GIC to invest Rs1,045 crore in IRB Infra's Ganga-Expressway road project

20 Oct 2022 , 09:19 AM

IRB Infrastructure Developers Ltd’s Ganga Expressway Project has completed equity raise of Rs533.20 crore. Singapore based GIC Affiliates contributed Rs261.29 crore and IRB Infra contributed Rs271.90 crore.

IRB Infra will hold 51% stake in the Project while GIC Affiliate will hold 49%. The Project is expected to complete private placement of NCD of Rs138.65 crore to IRB Infra and GIC Affiliate soon subject to fulfillment of condition precedents.

The Company will also act as the Project Manager for implementing the project. As the Project Manager it will be receiving entire flow of consideration towards EPC and O&M Works for the Project, which will be in aggregate approximately Rs10,459 crore (plus applicable taxes).

To re-iterate, Meerut Budaun Expressway, Ganga Expressway Group 1 Greenfield BOT Project is six lanes stretch of 129.700 Kms, expandable to eight lanes, between Meerut and Budaun in Uttar Pradesh, with the cost outlay of Rs6,538 crore.

The project had achieved Financial Closure, where the Senior Lender had extended financial support of Rs2,659 crore; IRB & GIC Affiliate have committed Equity and related infusion of Rs2,133 crore and the Viable Gap Funding (VGF) from UP`EIDA is Rs1,746 crore.

The Company had recently received Appointed Date from nodal agency, Uttar Pradesh Expressways & Industrial Development Authority (UPEIDA) to commence construction activity in full swing so as to meet the set timeline for completion and commissioning of the prestigious project for use of people of the State of Uttar Pradesh.

At around 9:18 AM, IRB Infrastructure Developers Ltd is currently trading at Rs234.35 per share down by Rs1.85 or 0.78% from its previous closing of Rs236.20 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • IRB Infrastructure Developers
  • IRB Infrastructure Developers Ltd
  • IRB Infrastructure Developers Ltd announcement
  • IRB Infrastructure Developers Ltd market
  • IRB Infrastructure Developers Ltd news
  • IRB Infrastructure Developers Ltd shares
  • IRB Infrastructure Developers Ltd stocks
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Images
28 Mar 2024   |   01:02 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.