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IRB Infrastructure Developers Limited — Capital/Financing Update 2018
Sep 28, 2018
62323_rns_2018-09-28_751ad6c4-92e3-4f64-8d25-ecb1a9430aac.pdf
Capital/Financing Update
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27th September, 2018
| Corporate Relationship Department, | National Stock Exchange of India Limited | ||
|---|---|---|---|
| BSELtd | Exchange Plaza | ||
| PJ. Towers, 1st Floor, | Bandra - Kurla Complex, Bandra (East) | ||
| Dalal Street, Mumbai - 400 023. | Mumbai - 400 051 | ||
| Fax No: 22722037/ 39/ 41 | Fax No: 66418125/ 26 |
Dear Sir,
Re: Update regarding Financial Closure achieved by IRB PP Project Private Limited.
We are pleased to inform you that IRB PP Project Private Limited - Wholly-owned Subsidiary of the Company ("the SPY"), has achieved financial closure for the Project within the timeline as specified in the concession agreement executed for the Project.
Details of the Project being implemented by the SPY is as under:
| Name of the Project | ConstrnctionandOperationPeriod | NHAIBidProjectCost(Rs.InCrores) | Company'sBid ProjectCost(Rs.InCrores) | Project cost appraised by theLender & Means of Finance (Rs.In Crores) | |
|---|---|---|---|---|---|
| Four laning ofPuducherry (Km. | 730 daysConstruction | 1,045.47 | 1,296.00 | NHAI Support | 543 |
| 29.000) toPoondiyankuppam | Period; 15years | Project Finance | 617 | ||
| (Km. 67.000) SectionOperationofNH-45A (New NH-Period32) | Equity Contribution | 159 | |||
| Total Project Cost | 1,319 |
This is for your information and record.
For IRB INFRf\STRUCTURE DEVELOPERS LIMITED
~ Mehul Patel
Company Secretary
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