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IRB Infra aims 16-18% returns from Rajasthan project

According to VD Mhaiskar, CMD at IRB Infra, the company is all set for getting a boost as it has won an order for 6-laning a part of NH-79A and NH-79. This has been the third order in a couple of months and 30 km target has been completed.

He said that the internal rate of return (IRR) has been expected to be at 16-18 percent for the project.

The share of the company in golden quadrilateral is 20 percent and it has Rs 14,000 crore in that quadrilateral.

The company has also been expecting to achieve financial closure in six months.

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