IRB Infrastructure Developers Limited — Capital/Financing Update 2018

Oct 18, 2018

October 18, 2018

Corporate Relationship Department, BSE Ltd	National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex,
P.J. Towers, 1st Floor,	Bandra (East).
Dalal Street.	$Mumbai - 51$
Mumbai - 23.

Dear Sir.

Re: Update regarding Financial Closure achieved by VK1 Expressway Private Limited.

We are pleased to inform you that VK1 Expressway Private Limited - Wholly-owned Subsidiary of the Company ("the SPV"), has achieved financial closure for the Project.

Details of the Project being implemented by the SPV is as under:

Name of the Project	Construction and Operation Period	NHAI Bid Project Cost (Rs, In) Crores)	Company's Bid Project Cost (Rs. In Crores)	Project cost appraised by the Lender & Means of Finance (Rs. In Crores)
Construction of Eight lane	730 days	1,637.01	2.043	NHAI Support	817
Vadodara Kim Expressway	Construction
from $Km$ 355.00 to $Km$ 378.740 (Padra to Vadodara	Period : 15 years			Project Finance	981
Section of Vadodara	Operation
Mumbai Expressway) in	Period			Equity	245
the State of Gujarat under				Contribution
NHDP Phase - VI on
Hybrid Annuity Mode				Total Project	2,043
(Phase IA-Package I)				Cost

With this SPV achieving financial closure, the Company has achieved financial closure for all three Hybrid Annuity ("HAM") Projects awarded to it.

This is for your information and record.

For IRB INFRASTRUCTURE DEVELOPERS LIMITED

Depuin

Mehul Patel Company Secretary