IRB Infrastructure executed India's first ever BOT (build-operate-transfer) project, the
Thane-
Bhivandi Bypass. Over the years, its BOT portfolio (operational projects and projects under construction) in the country grew to a total length of around 12,000-lane km. IRB executed projects like the four-laning of the
Goa-
Karnataka border from
Karwar to
Kundapur section of
NH66,
Agra-
Etawah Bypass project,
Udaipur-
Rajasthan NH8 project, and
Kaithal to Rajasthan NH152 project. In 2009, IRB Infra won the bid to develop the
greenfield Sindhudurg Airport in the
Sindhudurg district of Maharashtra on a build-operate-transfer basis. In July 2011, IRB Infrastructure signed an agreement to develop a 102.3 km section in the Ahmedabad-Vadodara
NH8 into six lanes from the existing four lanes. The project also included improvement of a 93.302 km section of the existing
Ahmedabad – Vadodara Expressway (NE 1), on a Design Building Finance Operate and Transfer (DBFOT) basis. In 2012, IRB acquired Tamil Nadu based
BOT road builder MVR Infrastructure and Tollways for 130
crore. IRB Infrastructure acquired the
Mumbai-Pune Expressway and the Mumbai-Pune National Highway, which was concluded under the supervision of
Maharashtra State Road Development Corporation (MSRDC). IRB Infrastructure Developers Ltd. signed a contract worth ₹2,100 crore from NHAI for a six-lane project in Rajasthan and Gujarat. The project is to be developed on design, built, finance, operate and transfer (DBFOT) under the National Highways Development Programme (NHDP) phase V. IRB achieved financial closure for its BOT project from
Chittorgarh and
Gulabpura. The project is an expansion of the 124.87-km section on NH79, converting from a four-lane to six-lane expressway. The concession period of this project is 20 years from the appointed date, including 910 days of construction, creating smoother transit. The total funding for the project by company will be ₹690
crore and by SPV (Special Public Vehicle) tied banks will be ₹1,400 crore. IRB Infrastructure developed the Kaithal-Rajasthan project (NH65). The 166.26 km-long highway became operational in 2017, and has 20.90 km of service road, 18 pedestrian underpasses, 5 vehicular underpasses, 5 flyovers, 13 small bridges, 71 intersections, 241 culverts and railways over bridges. The cost of production for project was ₹2,290 crore, including a viability gap funding of ₹234 crore. In March 2018, IRB Infrastructure won two hybrid annuity projects under NHDP phase IV in the state of
Tamil Nadu, which included the four laning of NH-45A
Puducherry to Poondiyankuppam and Poondiyankuppam to Sattanathapuram at a cost of ₹2,169 crore at a cost of ₹1,296 crore. The construction period is 730 days and the operation period is 15 years for the said projects. The company also received a letter of award on from the
National Highways Authority of India for a hybrid annuity project worth ₹1,640 crore under the National Highways Development Project phase VI in Gujarat. The order came after the company had emerged as the preferred bidder for the construction of the eight-lane
Vadodara Kim expressway from Padra to Vadodara section of the Vadodara-Mumbai Expressway in Gujarat. The company got the contract (3 out of 12 packages) of
Ganga Expressway, the longest under-construction expressway in
Uttar Pradesh. == IRB InvIT Fund ==