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Article: India: IRB may raise up to Rs1,200 crore.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
IRB Infrastructure Developers, the Mumbai-based highway builder, may raise up to Rs1,200 crore to fund its projects. Virendra D Mhaiskar, IRB's chaiman & managing director, said the company's board has passed an enabling resolution to raise Rs1,200 crore. "We have not decided how much we have to raise now or the instruments to be used," he said on a conference call on Tuesday.
The company will convene an extraordinary general meeting on November 25 to seek shareholder approval for the fund mop-up. IRB is one of the country's largest highway developers with 16 projects covering a total length of 1,124 km in operation and various stages of ...
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Article: India: IRB Infra emerges lowest bidder for NHAI project.
TendersInfo;
June 24, 2009 ;
396 words
...Byline: shiv03 IRB Infrastructure Developers ... lowest bidder for Rs 800 crore highway project of National ... grant of Rs 186.30 crore from NHAI, IRB Infrastructure Developers ... estimated cost is Rs 800 crore, it added. Shares of IRB Infra surged two per ...
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