IRB InvIT’s next acquisitions to be debt-funded
6 years, 10 months ago

IRB InvIT’s next acquisitions to be debt-funded

Live Mint  

Mumbai: IRB InvIT, the infrastructure investment trust floated by IRB Infra, will borrow an additional Rs4,500 crore to add to its roads portfolio from FY20 onwards. InvIT’s current assets under management stand at approximately Rs7,560 crore. Speaking to Mint, Tushar Kawedia, CFO, IRB Infrastructure Pvt Ltd said: “We won’t be making any acquisitions in FY19, but in FY20, we’ll take on a project from the sponsor IRB’s portfolio. Then we’ll add another two-three projects FY21 onwards.” InvIT has a portfolio of toll road concessions in seven operational road assets in Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab.

Irb Invit  debtfunded  acquisitions  irb  fy20  projects  management  project  assets  portfolio  crore  kawedia  road  invits

History of this topic

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways
2 weeks, 4 days ago

IRFC looks beyond Indian Railways, weighs opportunity to finance infra projects having linkages with Railways

Live Mint  

New Delhi: Indian Railway Finance Corporation, a financial institution under the ministry of railways, is looking to fund public and private infrastructure projects to expand its business that has been focused on mobilizing and funding projects of the Indian Railways. IRFC is also exploring opportunities to fund rolling stock requirements for Indian Railways customers, container train operators, renewable energy needs …

Reits, InvITs, muni-bonds could grow higher than other funding instruments: Buch
2 months, 2 weeks ago

Reits, InvITs, muni-bonds could grow higher than other funding instruments: Buch

New Indian Express  

Real estate investment trusts, infrastructure investment trusts, and municipal bonds are set for robust growth over the next decade and can surpass the equity and debt markets in the quantum of money being mopped up, Securities and Exchange Board chairperson Madhabi Puri Buch has said. She said the overall fundraising from the capital markets, including through equity and debt issuances, …

IRB Infrastructure shares hit 52-week high as Dec toll collection jumps 26% YoY
1 year, 2 months ago

IRB Infrastructure shares hit 52-week high as Dec toll collection jumps 26% YoY

Live Mint  

IRB Infrastructure Developers share price surged 7% to touch a 52-week high on Tuesday's trading session after the company's toll collection jumped 26% year over year to ₹488 crore from ₹388 crore. According to Riyank Arora, Technical Analyst at Mehta Equities Ltd, IRB Infrastructure Developers stock price has given a good breakout above its recent swing high of ₹43.50. The …

Transport ministry mulls to raise ₹35,000 cr via asset monetisation: Official
1 year, 11 months ago

Transport ministry mulls to raise ₹35,000 cr via asset monetisation: Official

Live Mint  

The Union Ministry of Road, Transport and Highways is mulling raising money via asset monetisation mode in FY 2024. A senior government official told PTI news agency that the ministry is planning to raise around ₹35,000 crore against ₹32,855 crore target in the last fiscal. An official told the news agency that MoRTH is likely to raise ₹15,000 crore via …

IRB Infra surges over 3% as March 2023 toll collection jumps 21% YoY
1 year, 11 months ago

IRB Infra surges over 3% as March 2023 toll collection jumps 21% YoY

Live Mint  

IRB Infrastructure Developers, a developer of highway infrastructure, projected significant toll collection for March 2023. IRB MY Expressway and IRB Ahmedabad Vadodara Super Express Tollway, two wholly-owned subsidiaries, claimed a 10% growth in toll collection. The IRB Ahmedabad Vadodara Super Express Tollway's collection was 55.3 in March 2023 vs. 49.6 crores in March 2022. Consequently, toll rates for the SPV …

IRB Infra's Q3 net profit doubles to Rs 141 crore; stock to split 10:1
2 years, 1 month ago

IRB Infra's Q3 net profit doubles to Rs 141 crore; stock to split 10:1

India TV News  

Highway infrastructure developer IRB Infrastructure Developers Limited has released its third quarter result. The company's net profit during the October-December quarter almost doubled to Rs 141.35 crore YoY, according to an exchange filing. The Mumbai headquartered had logged a net profit of Rs 72.68 crore during the same quarter a year ago. The company's overall toll collection in January 2023 …

IRB Infrastructure Q2 consolidated PAT rises 102% to ₹ 85 crore
2 years, 5 months ago

IRB Infrastructure Q2 consolidated PAT rises 102% to ₹ 85 crore

Live Mint  

NEW DELHI: IRB Infrastructure Developers Ltd. on Friday reported a 101.65% year-on-year jump in consolidated net profit to ₹85.30 crore for the quarter ended September. Overall, a strong movement on business front included Ganga Expressway receiving appointed date to commence construction activity, GIC’s equity funding for the project, shareholder’s nod for Vadodara Kim HAM project getting transferred to the Public …

Reits, Invits are emerging asset class in India
3 years, 2 months ago

Reits, Invits are emerging asset class in India

Live Mint  

The Indian real estate investment trust market has attained significant maturity since the launch of the Embassy Reit in April 2019. The success of Reits has created even stronger interest from global equity/sovereign/pension funds to invest in development assets as exit mechanism is now established. It will also make Reits in India more attractive to large foreign investors and improve …

Assets worth over ₹3.5 trn may get monetised via InvITs, REITs in next one year: Icra
3 years, 9 months ago

Assets worth over ₹3.5 trn may get monetised via InvITs, REITs in next one year: Icra

Live Mint  

Mumbai: Led by steady pipeline of infrastructure investment trust and real estate investment trust, both the instruments are expected to see healthy traction in the near to medium term, according to rating agency Icra. As per its estimates, assets worth over ₹1 trillion in real estate space are likely to be listed in near to medium term while another set …

IRB Infrastructure gets Rs 3,753 cr as first tranche of investment from GIC affiliates
5 years ago

IRB Infrastructure gets Rs 3,753 cr as first tranche of investment from GIC affiliates

Firstpost  

New Delhi: IRB Infrastructure Developers on Tuesday said it has received the first tranche of investment of Rs 3,753 crore from GIC affiliates. In a regulatory filing, IRB Infrastructure Developers said Rs 3,753 crore from GIC affiliates has been received out of its commitment of Rs 4,400 crores by IRB Infrastructure Trust. In August 2019, the company had announced signing …

IL&FS to address major portion of outstanding debt by July, says Uday Kotak
5 years, 2 months ago

IL&FS to address major portion of outstanding debt by July, says Uday Kotak

Live Mint  

IL&FS Group is working towards addressing a 'significant portion' of the outstanding debt of ₹94,000 crore by July 2020, its chairman Uday Kotak said on Tuesday. "He said the group has received binding bid for Chinese road asset that will resolve nearly ₹1,600 crore debt and additional ₹980 crore towards equity value for the shareholding entity. The group has sold …

IRB Infra faces headwinds even as robust execution supports revenue growth
5 years, 4 months ago

IRB Infra faces headwinds even as robust execution supports revenue growth

Live Mint  

Mumbai: In spite of an overall performance beat during the September quarter, road construction firm IRB Infrastructure Developers Ltd is facing a host of challenges. IRB’s 22.3% jump in net revenue from the year-ago period came mainly from the engineering, procurement, construction segment that soared 42%. The firm is yet to get the appointed date to kickstart two road projects …

InvITs in your mutual fund. Good or bad?
7 years, 10 months ago

InvITs in your mutual fund. Good or bad?

Live Mint  

On 15 February, the capital market regulator, Securities and Exchange Board of India allowed mutual funds to invest in InvITs and Reits. Now, at least three fund houses—ICICI Prudential Asset Management Co. Ltd, Birla Sun Life Asset Management Co. Ltd and DSP BlackRock Investment Managers Pvt. Meanwhile, whatever tolls these highways would collect would go to the SPV, which would …

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