Virendra D Mhaiskar, IRB Infrastructure owner, has more reasons to smile as company shares gain 3%

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Monday brought in cheer for IRB Infrastructure owner, Virendra D Mhaiskar. The week opened on a good note, as IRB shares gained 3% intraday on Monday. The road infra developer bagged another important project in Rajasthan and this is the reason why there was a positive jump in the company shares.

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A spokesperson of the Mumbai-based road developer commented, “IRB Infrastructure has emerged as a preferred bidder for the project of six-laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in Rajasthan on DBFOT (design-build-finance-operate-transfer – Toll) under NHDP Phase V package – I project.” The company will aim to develop a world class road to beef up connectivity, as they have done in the past.

This is not the first time IRB Infra has shot into the limelight, this project only adds to the existing two orders that were bagged by IRB in the past two months in the same corridor – totaling up to 328 km in length. Given the ability of IRB to meet tight deadlines and finishing the job with perfection, it’s emergence as one of the most-sought-after road development entity isn’t surprising at all.

Other projects won recently by IRB Infrastructure include the six-laning of Kishangarh-Udaipur-Ahmedabad (125 Km) stretch on NH 79 with a project cost of Rs 2,400 crore. Another project stretches out from Udaipur to Rajasthan-Gujarat border (113 Km) on NH 8 with a cost of Rs 2,100 crore. The company, at present has a portfolio that consists of 12,800 lane km under BOT and HAM projects. Another major achievement for Virendra Mhaiskar-led IRB Infrastructure is that it has a 20 per cent share in the Golden Quadrilateral project.

Requirement for road construction and development is rising in India. With the growing numbers and sizes of cities, the need for roadways soars as well. That’s why National Highways Authority of India is rolling out projects after projects in order to further improve the road network of the country. The handing out of these projects to private developers and builders is proving to be beneficial for the holistic growth of the country’s infrastructure. Companies like IRB are doing a pretty fine job by executing complex projects on difficult terrains.

Roads are extremely important to any country’s states and cities. Their condition has more relevance than what most people think. Bad roads cause water-logging, which in turn causes traffic-jams. Not to forget many accidents happen and lives are lost because of the poor state of roads. While good roads boost the economy and improve trade and connectivity. With multiple projects coming up and the construction of good quality roads, it is certain that India is slowly moving towards being a country with proper infrastructure available to its citizens.

Any concerned state would want reliable developers to execute road building projects. Perhaps that’s why IRB Infrastructure is taking care of majority of road development projects in India. Virendra Mhaiskar, the IRB Infrastructure Owner has certainly led the company the right way.

 

 

Comment List

  • Babita Rohilla 31 / 10 / 2017 Reply

    Yes the roads are extremely important for the development of country and it’s important to have companies like IRB in our country. I’m sure the shares will go further up.

     
  • Daksh Saini 27 / 09 / 2017 Reply

    Didn’t know IRB Infrastructure is such a huge company. They have literally managed to bag some big projects and from what I can read, these projects are majorly for
    prominent highways. Good job IRB. In fact the credit must go IRB Infrastructure
    owner Virendra Mhaiskar and his whole team.

     
  • Mansi Chauhan 06 / 09 / 2017 Reply

    Obviously we are going to see their shares rising every month because their projects are wonderful. There is no competitor of IRB Infrastructures when it comes to building long roads. Thumbs up to them.

     
  • Shivam Gupta 01 / 09 / 2017 Reply

    With this project, IRB seems to pioneer the real estate domain. quite an inspirational piece of information.

     
  • Tushar Kapoor 29 / 08 / 2017 Reply

    An inspiration for the youth, Virendra Mhaiskar continues investing in projects that has the potential to up the infrastructural facilities in our country.

     
  • Aarti Pahwa 28 / 08 / 2017 Reply

    Delighted to see how Mr. Virendra Mhaiskar is striving to transform the landscape of our country. You have all the support from us Mr. Mhaiskar, keep going!

     
  • Mandhir Thakur 23 / 08 / 2017 Reply

    Good that businessmen like Virendra Mhaiskar are aware of the problems that people face in India when it comes to road transportation. I am sure road development projects initiated by such dedicated and responsible minds will prove beneficial for the country.

     
  • Ananya Rajpoot 25 / 07 / 2017 Reply

    Being a civil engineerI know how multi-layered the process of road building is. But I really appreciate how IRB Infrastructure owner Virendra Mhaiskar is structuring such big processes. I had the opportunity of working with him a couple of years ago and I was truly impressed with his vision towards India’s infrastructural development. Respect!

     
  • Sonam Mishra 19 / 07 / 2017 Reply

    Feels good to see how well India is progressing. It is quite apparent the way India’s roads and highways are shaping up. Well done to contributors like Virendra Mhaiskar from IRB Infrastructure. We need more leaders like you to make India a fully developed country.

     
  • Sareena Roy 21 / 02 / 2017 Reply

    Good Work

     

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