IRB Infrastructure Developers Limited — Capital/Financing Update 2020

Mar 1, 2020

March 1, 2020

Corporate Relationship Department,BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, Mumbai-400001.	Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1 Block GBandra Kurla Complex, Bandra (E), Mumbai-400051

Dear Sir/Madam,

Ref: Scrip Code 532947; Symbol: IRB

Subject: Update – Mumbai-Pune Project

We refer to our earlier disclosure dated February 25, 2020 regarding Mumbai Pune Project being implemented by IRB MP Expressway Private Limited (‘SPV’).

The SPV has received a Commencement Order from the Competent Authority. Consequently, the SPV has started toll collection from 1st March 2020 on both Expressway and NH-48 section of Mumbai-Pune Project.

Key Highlights of the Project are as under:

• IRB to pay upfront payment of Rs. 6500 Crores to MSRDC and a further staggered payment of Rs. 850 Crores in year 2, Rs. 850 Crores in year 3 and Rs. 62 Crores in year 4, aggregating to Rs. 8,262 Crores for Sub-Concession Period of 10 years and 2 months;

• The Project is on Tolling, Operation, Maintenance and Transfer basis. Project Length is approx. 205.40 Kms. including Expressway and NH-48 section of Mumbai-Pune Corridor;

• The Sub-Concession Period of the project is until April 30, 2030 i.e. 10 years and 2 months.

Kindly take this update on record.

Yours faithfully,

For IRB Infrastructure Developers Limited

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Mehul Patel Company Secretary & Compliance Officer