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IRB Infrastructure Owner (Virendra D Mhaiskar)- India’s first Infrastructure dev

Discussion in 'News' started by Kunish, Mar 6, 2019.

  1. Kunish New Member

    IRB Infrastructure Owner Virendra Mahiskar has India’s prime Build Operate Transfer (BOT) projects worth capital Rs 6,150,000,100. BOT is a state-of-the-art concept in which private sector takes the lead in building, operating, and transferring the ownership of the infrastructure projects, which are in the hands of the government. In most of the cases, it is seen that the government becomes their prime customer who assures the firm to take a considerable amount of the output received from the projects. This type of plan makes sure that the initial investment by the company is done in a reasonable time period. Virendra Mhaiskar, the IRB Infrastructure owner, knows how significant BOT is now. He understands that the model gives enough leverage to both the government and the company. It is beneficial for the government because it improves the infrastructure; meanwhile for an organization, it is an opportunity to grow, and showcase their expertise.

    The Build-Operate-Transfer model falls under the Public-Private-partnership model or PPP. This model is a contract with the government where multiple facets such as funding, planning, operation, construction and maintenance are handled by the private contractor.

    IRB Infrastructure, led by Virendra Mhaiskar has so far took on some of the biggest challenges that have been aimed at developing the country’s roads. The company has the completion of the Thane-Bhiwandi bypass to its name. It is the first ever BOT project in India. The lane Kms for IRB Infrastructure under BOT stand at a total length of 12,000 Km. This includes both under construction and operational projects.

    IRB Infrastructure Developers Ltd is one of the largest and most diversified companies which is globally acknowledged and accredited for its impeccable infrastructure projects. It is a well-known Infrastructure development company driven by IRB infrastructure owner, Virendra Mhaiskar. This company looks after the development of many infrastructure projects especially in road sector through SPV. IRB Infrastructure Pvt Ltd has completed various projects on the road covering almost 9,295 lane km of road length. This makes it a popular, and one of the best road developers in India. This spotless reputation of working in the infrastructure industry has given a bulk contract of BOT projects to IRB Infrastructure Developers Ltd. BOT projects comprise almost 95% of the IRB order book. An aggregate value of all of the BOT projects under IRB is approximately Rs 284,928 million. IRB Infrastructure Developers Ltd along with its subsidiaries, has successfully completed many projects, and some are still under operation.

    Some of the successful BOT projects of IRB are given below:

    KhambatkiGhat BOT Project
    Bhiwandi Wada BOT Project
    Kaman Paygon BOT Project
    Latest BOT projects of IRB

    Thane Bhiwandi Bypass 4 Lane Project (Phase I & II)
    Kharpada Bridge BOT Project
    Surat – Dahisar BOT Project
    IRDP – Kolhapur BOT Project
    Jaipur – Deoli BOT Project
    Nagar – Karmala – Tembhurni BOT Project
    Mohol – Kurul – MandrupKamti BOT Project
    Pune- Solapur BOT Project
    Nagar – Karmala – Tembhurni BOT Project
    Pune – Nashik BOT Project
    Mumbai – Pune BOT Project
    Thane Ghodbunder BOT Project
    Bharuch – Surat BOT Project
    Omallur – Salem – Namakkal
    Pathankot – Amritsar BOT Project
    Talegaon – Amravati BOT Project
    Tumkur Chitradurga BOT Project

    IRB Infrastructure’s excellent project execution skills for timely delivery of the projects have earned lots of credentials for it to be India’s leading player in BOT space. Virendra D Mhaiskar has become the most sought-after person in the road developing business. The company has now diversified its interests and forayed into the HAM (Hybrid Annuity Model), another business model in the highways infrastructure

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