IRB Infrastructure Developers Aims to Expand Asset Base By Rs 200,000 Crore By 2032

 

  • IRB Infrastructure Developers Aims to Expand Asset Base By Rs 200,000 Crore By 2032
  • IRB Infrastructure Developers Ltd. aims to expand its asset base more than threefold by 2032, supported by opportunities arising from the government’s push to build national highways. 
  • The company’s Director of Investor Relations, Anil Yadav, said that he expects IRB Infrastructure Developers’ existing Rs 80,000 crore asset base to reach Rs 280,000 crore in the next eight years. 
  • IRB Infrastructure Developers (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads and Highways segment. 
  • The Indian government has plans to increase the length of national highways to over 2 lakh kilometres to cut down logistical costs as it gears to make India a developed nation by 2047.
  • “In terms of long-term opportunities, the government has set a target to increase the national highways to 2 lakh kilometres over six to eight years. As of now, the total length of four-lane, more-than-four-lane national highways is almost 1 lakh kilometres. They are considering 1 lakh kilometres more of the highway to be constructed or widened,” he said.
    “We expect that considering the budget allocation, we will have a Rs 20 trillion PPP (Public-Private Partnership) opportunity. The company will be eyeing 10% of that opportunity, which is to the extent of Rs 2 trillion,” the top executive revealed.
  • The top executive noted that the company is also eyeing opportunities to increase its order book in the near term. 
  • This includes toll collection projects. “In terms of the near-term opportunity, there are BOT (Build-Operate-Transfer toll model) projects of Rs 36,000 to Rs 37,000 crore available for bidding this financial year,” Yadav said. 
    As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs.

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