Irb bags rs 10,050 cr zozila pass tunnel project in jammu kashmir. Irb infrastructure is looking to grow the order book by rs 5,000 crore each year and refinance its existing debt. Aug 28, 2019 the order book of the company currently stands at rs 9,959 crores. The companys order book as on 31st december 2019 stands at approx. While the order inflow remained highly concentrated in this quarter too dilip, irb and sadbhav grabbing over 75% of total order inflows, we note that the order inflows have been fairly spread across segments and companies over the last few quarters. The companys revenue came in above our expectation owing to healthy execution pace from its underconstruction projects which led to higherthanexpected. We believe the present order backlog would provide sufficient revenue visibility over the next three years.
Irb, indias leading and one of the largest highway infrastructure developers, have posted consolidated income of rs. Irb infrastructure to start work on the first ham project. In q2fy16, irb s revenues from the construction division grew 49. Mhaiskar, cmd, irb infrastructure ltd irb s order book stands at approximately rs. Subject to award, companys construction order book will stand to increase to rs. Irbs order book gets a massive boost the hindu businessline. Irb infrastructure buy cmp, rs 100 target price, rs 140 q3fy20 result update click here itd cementation sell cmp, rs 56 target price, rs 50.
Irb infrastructure s irb consolidated net profit declined by 17% yoy on account of increased interest and depreciation led by inclusion of two tolling assets and higher tax outgo. The order books of the 15 players considered reflect diversified portfolios. May 28, 2019 further, irb infrastructure has a total order book of. Salaries posted anonymously by irb infrastructure employees. The order book keeper our quarterly publication is a tracker of the state of the orderbooks of the epc companies. Going ahead, we expect construction division revenues to grow at 28. Sep 01, 2018 addressing shareholders at the companys 20th annual general meeting in mumbai, irb infrastructure chairman and managing director virendra mhaiskar said the company has built an order book. This will boost the companys construction order book visibility for next three to four year, irb said. Irb infrastructure s irb consolidated net profit grew by 15. Companys order book as on 31 st december 2019 stands at approx. Mar 19, 2018 the companys bid project cost is rs 2,043 crore, irb infrastructure developers said in a bse filing. It had won after winning three successive projects under hybrid annuity model ham earlier.
Jan 24, 2019 irb infrastructure developers, one of the leading road and highway builders in the country, is all set to begin work on the first hybrid annuity model project worth rs 2,043 crore. The highway project in gujarat is a part of the upcoming vadodaramumbai expressway. Irb infrastructure, which executed the countrys first buildoperatetransfer bot road project, is one of the largest. Order book breakup order book as on dec 31, 2010 amount in rs. The order book has more than doubled to inr 151 bn as of 31st march 2018 from inr 74. Toll road firm irb infrastructure developers today said it has bagged a contract worth rs 2,100 crore from nhai for a sixlaning project in rajasthan and gujarat. We expect the pace of awards to strengthen with elections now being over and large number of projects. Construction revenue reported 43% yoy rise, led by strong execution in agra etawah and hapur moradabad projects. Irbs consolidated order book was strongly at 12,650 crore as of q1fy20, implying order booktobill ratio of 2. Irb has a portfolio of 18 bot projects out of which 14 projects are under operation. Get latest irb infra newsupdates and resultsanalysis. Irb infrastructure developers expects rs 10,000 crore revenue in.
The road ahead for virendra mhaiskar and irb india. Irb infra bags prestigious mumbaipune expressway project. Irb infra faces headwinds even as robust execution supports. Irb has emerged as a preferred bidder for the project of six laning from udaipur to rajasthan gujarat border on section of nh8 in rajasthan and gujarat, the company said in a statement issued here. Irb infrastructure announces investment of up to inr 4,400 crores. Irb infrastructure developers ltd irb is leading and one of the largest private roads and highways infrastructure developing companies in india. Jul 18, 2016 irb infrastructure owner virendra mahiskar has indias prime build operate transfer bot projects worth capital rs 6,150,000,100. Mar 18, 2015 in an interview with cnbc tv18, vd mhaiskar, cmd, irb infra, said that presently, the companys order book is close to rs. The name of the company was changed to irb infrastructure developers private limited pursuant to a special resolution of the shareholders of the company at an. After it received just one bid from irb infrastructure, it called for fresh bids in order to comply with the central vigilance commission guidelines. The order book of the company currently stands at rs 9,959 crores. This order book gives irb good visibility for the next three years, the company said.
Irb infra spurts after q2 results on good order book. Mar 12, 2018 even if the nhai takes time to tender new projects, irbs order book of. The orderbookkeeper our quarterly publication is a tracker of the state of the orderbooks of. This will boost the companys construction order book visibility for next. Irb infrastructure has bagged a fourth project under bot space from nhai in uttar pradesh.
Irb infrastructure developers limited, formerly irb infrastructure developers private limited is an indian highway construction company headed by virendra dattatraya mhaiskar which was incorporated in 1998, with its headquarter in mumbai. The order is for construction of eight lane vadodara kim expressway from 355 km to 378. Irb infrastructure owner, virendra d mhaiskar appreciated. Moreover, two ham projects in the order book continue facing challenges on land. Bot projects comprise almost 95% of the irb order book. Msrdc invited fresh bids and irb infrastructure has emerged as the only bidder. Irb infra company analysis know about order book youtube.
A free inside look at irb infrastructure salary trends based on 29 salaries wages for 27 jobs at irb infrastructure. Addressing shareholders at the companys 20th annual general meeting in mumbai, irb infrastructure chairman and managing director virendra mhaiskar said the company has built an order book. The epc sector has witnessed decent order inflow in the last two quarters after a weak 2qfy18. Irb infrastructure has survived most of the past downcycles and. Also get irb infra sharestock detailed information on irb infra along with top stories and articles on irb infra during last 6 months. Jul 29, 2016 subject to award, irb s construction order book will stand to increase to around rs 10,000 crore, to be executed in the next four years. The q3 result was announced during trading hours today, 31 january 2014. Clearances for these projects are already in place, while funding is. Further, irb infrastructure has a total order book of. The companys bid project cost is rs 2,043 crore, irb infrastructure developers said in a bse filing. Irb infra company analysis share price looks attractive. Irb s order book now stands at around rs 7,700 crore out of which rs 5,700 crore worth of order book is to be executed in the next two to three years,the release said. Even if the nhai takes time to tender new projects, irb s order book of.
Irb infrastructure chairman virendra mhaiskar has an. Virendra mhaiskar, chairman and managing director told ndtv profit that the. In this report we publish an exhaustive orderbook status of 15 construction. Irb infrastructure developers limited deutsche bank. The value of these four projects is rs 8,900 crore, which has taken the companys order book.
The concession includes collection of toll besides operations and maintenance activities on mumbaipune expressway and old mumbaipune. In terms order inflow, it expects order inflows worth 30005000 crore for bot projects in fy20e. Road developer irb infrastructure developers stock price moved up 5. Read more about irb infra gains on good order book visibility on business standard. The current ob implies order book tobill ratio of 2.
Most epc companies have orderbooks in the range of 2. Strong order book irb has a strong order book of rs 8985. Irb infra on high road with good orderbook the hindu. Singapores sovereign wealth fund gic, through its affiliates, has agreed to pick up a 49% stake in irb infrastructure developers limiteds irb road platform for. Irb infra trading at 2 years low price on 18th feb. Irb infrastructure developers on thursday said the company. Irb infra bags six laning from kishangarhgulabpura. An aggregate value of all of the bot projects under irb is approximately rs 284,928 million. With this order, irb infrastructure, one of the largest bot road developers in the country, will expand its base to the ninth state while its order book size will grow over 150 per cent to rs. Irb infrastructure developers limited today announced investment by. Bot is a stateoftheart concept in which private sector takes the lead in building, operating, and transferring the ownership of the infrastructure projects, which are in the hands of the government. The company said it has received a letter of acceptance from the nodal agency maharashtra state road development corporation msrdc. Corporate presentation irb infrastructure developers ltd. Net revenue grew by 15% yoy, supported by epc and bot segments, while blended opm remained steady yoy.
Irb infra gains on good order book visibility business. During 201718, the majority of the companies, including ncc, sadbhav engineering and irb infrastructure, witnessed a strong growth in their order book position. For 1qfy2014, irbreported a healthy set of numbers and was above our expectations. Irb groups portfolio comprises of 20 projects including 19 bot and 1 ham projects. Sep 20, 2016 with this, irb s construction order book will increase to around rs 11,300 crore, to be executed in the next four years. Irb infrastructure bags contract for operating, collecting toll on mumbaipune expressway. Irb s total value of assets under operation is worth around rs. The continuous efforts of irb infrastructure have led to the creation of a strong project team, enhancing construction equipment infrastructure and operational efficiency. Irb infra developers construction order quarterly earnings mark to market irb infrastructure developers ltd s net profit for the quarter ending march 20 beat street estimates by a good margin.
Irb infra bags road project worth rs 2,043 cr from nhai in. This spotless reputation of working in the infrastructure industry has given a bulk contract of bot projects to irb infrastructure developers ltd. Irb infrastructure has been awarded the prestigious mumbaipune expressway project under the tolloperatetoll tot model. Irb infrastructure targets rs 5000 crore growth in order book. Te companys construction order book is worth around rs. In an interview with cnbc tv18, vd mhaiskar, cmd, irb infra, said that presently, the companys order book is close to rs. Irb infrastructure bags highway project in rajasthan. Virendra mhaiskar has made irb indias largest and most profitable tollroad operator. For the entire fy19, companys ebitda went up by 10% to rs. Irb infrastructure targets rs 5000 cr growth in order book.
Irb infrastructure posts net profit of rs 160 crores for. Emerging as a holistic integrated surface transport developer, the company believes in growing stronger by. Irb infrastructure developers, one of the leading road developing companies has reported a net profit of rs 218. Irb infrastructure, a listed company, is looking to grow the order book by rs 5,000 crore each year. In a sector that has most companies reeling under debt, he seems to be the rare animal with enough cash on hand. Strong order book to maintain epc revenues irb infrastructure s order book at the end of q1fy15 stood at rs 1. For his contribution to the construction sector, mhaiskar was honoured with the young turk of the year award at the 6th edition of. Jan 31, 2008 irb infrastructure speeds up on new order win irb infrastructure developers gained 1.
The q2 result was announced during trading hours today, 14 november 20. Strong order book, lower lending cost to ensure strong footing. The concession includes collection of toll besides operations and maintenance activities on mumbaipune expressway and old mumbai. Irb needs to win new government contracts in order to reverse two consecutive falls in quarterly net profit, chairman virendra mhaiskar told reuters. Irb infrastructure developers met street estimates friday with fourth quarter consolidated profit climbing 26.
Dilip, irb and ashoka have a relatively weaker orderbook. The company is also looking to refinance existing debt. Oct 26, 2018 irb infrastructure has bagged a fourth project under bot space from nhai in uttar pradesh. Feb 18, 2019 irb infra trading at 2 years low price on 18th feb. We expect the pace of awards to strengthen with elections now being over and large number of. Irb infra jumps 10% on bagging zojila pass order the hindu. Mhaiskar, cmd, irb infrastructure ltd irbs order book stands at approximately rs. Mhaiskar, who until this year was in the forbes india list of the countrys 100 richest people, said the staterun national highways authority of india nhai should offer up for bidding 2030. This order book gives irb good visibility for the next three years, the company said in the statement. In fy18, irb won new order wins of inr 89 bn with a balanced mix of bot and ham.
Company has a target of order inflow of 200300 km of road projects each year while it has already bagged healthy order inflows during the current fiscal till date. Irb infrastructure buy cmp, rs 100 target price, rs 140. The value of these four projects is rs 8,900 crore, which has taken the companys order book to rs 15,000 crore. Irb infrastructure developers ltd irb, indias leading and the largest infrastructure developers in bot space in roads and highways sector has emerged as a preferred bidder for the project of six laning of kishangarh. Jul 28, 2017 incorporated in the year 1998, irb infrastructure developers ltd is indias leading and one of the largest private roads and highways infrastructure developers in buildoperatetransfer bot space. Companies, phillip capital india research order inflows muted across segments elections impact. Irb infra faces headwinds even as robust execution. Price looks attractive but know about company projects and order book before investing.
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