IRB INFRA DEV Share price

The Company was incorporated as a private limited companyDVJ Leasing and Finance Private Limited on July 271998 under the Companies Act. The Companywas primarily formed to fund the capital requirement of the IRB Group?sinitiatives in the infrastructure and construction sectors. Although the Company was incorporated as a leasing and financing company it did not undertake any leasing business.In the past the Company has carried on certain maintenance operations for road projects constructed by other entities in the IRB Group. In 2005 the Company was grantedthe Bharuch Surat BOT project. Subsequently pursuant to the restructuring of the IRB Group in the fiscal year 2007 the Company became the holding company of the IRB GroupFollowing the restructuring of the IRB Group the name of the Company waschanged from DVJ Leasing and Finance Private Limited to IRB Infrastructure Developers Private Limited pursuant to a special resolution of the shareholders of the Company at an EGM held on October 30 2006. The fresh certificate of incorporation consequent upon thechange of name was granted by the RoC on November 8 2006. Subsequently pursuantto a special resolution of the shareholders of the Company at an EGM held on November 25 2006 the Company became a public limited company and the word private was deleted from its name. The certificate of incorporation to reflect the new name was issued by the RoC on November 27 2006.IDAA become the subsidiary of the Company on June 21 2006. The Company subsequently subscribed to 66% of the shareholding in Aryan on July 18 2007. On September 8 2007 the Company increased its shareholding in IRBPLMIPL TGTRPL IRB Infra and NKT to further consolidate the Company?s shareholding in the Subsidiaries. For further information on such reconstruction see Management?s Discussion and Analysis of Financial Condition and Results of Operations as per the consolidated Financial Statements - Reconstructing of the IRB Group and Presentation ofFinancial Information beginning on page 346 of this Red Herring Prospectus.The registered office of the Company was shifted with effect from July 1 1999 from Manisha Safalya Mahatma Gandhi Road Dombivli Mumbai 421 202 to 501 DattashramHindu Colony Lane No.1 Dadar Mumbai 400 014. Thereafter the registered office of the Company was shifted to 3rd Floor IRB Complex Chandivli Farm Chandivli Village Andheri (East)Mumbai 400 072 with effect from November 28 2006.Ideal Road Builders Private Limit1977 IRBPL was incorporated as a private limited company.1977 to 1995 Execution of various construction contracts in the roads sector including World Bank aided projects as an EPC contractor.September 1995 First venture in BOT Project being the signing of the Concession Agreement for Thane Bhiwandi Bypass Phase June 1997 Completion of the construction activities in the Thane Bhiwandi Bypass November 1997 Signing of the concession agreement for the Kharpada Project for construction of a bridge over river Patalganga on a BOT basis.January 1998 Signing of the concession agreement for the Bhiwandi Wada project on a BOT basis.July 1998 Incorporation of the Company as a private limited company.September 1998 Signing of the concession agreement for the Thane Bhiwandi Bypass Phase II on a BOT basis.November 1998 Signing of the concession agreement for the Khambatki Ghat project on a BOT basis.December 1998 Signing of concession agreement for the Kaman Paygaon project on a BOT basis.February 4 1999 Completion of the Bhiwandi Wada project on a BOT basis.July 20 1999 Completion of the Kharpada Project Bridge over River Patalganga on a BOT basis.March 25 2000 Completion of the Kaman Paygaon project on a BOT basis.August 15 2000 Completion of the Khambatki Ghat project on a BOT basis.January 2001 Signing of the joint venture agreement with Mudajaya Corporation of Malaysia for the execution of NHAI funded contract for the Ratanpur to Himmatnagarsection of NH 8 for 54 kms.January 2001 Signing of a funded EPC contract for the Ratanpur to Himmatnagar section of NH 8 for 54 kms with the NHAI.November 2001 Signing of the concession agreement for the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.May 2002 Signing of an O&M and rehabilitation works contract with the NHAI for the Chiloda Naroda Section Ahmedabad Bypass and the Ahmedabad Vadodara Section of NH 8 inGujarat.May 2002 Signing of an O&M and rehabilitation works contract with the NHAI for Vadodara-Surat section of NH 8 in Gujarat.May 2002 Signing of the concession agreement for the Mohol-Kurul-Kamti-Mandrup road on a BOT basis.February 2003 Signing of the concession agreement for the Pune Sholapur Project on a BOT basis.August 25 2003 Completion of construction activities in the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.August 2003 Signing of the concession agreement for the Pune Nashik project on a BOT basis.December 2003 Completion of the Thane Bhiwandi Bypass Phase II.December 2003 Completion of the construction activities in Thane Bhiwandi Bypass BOT project - PhaseJanuary 2004 Completion of the construction activities for the funded EPC Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54 kms.May 2004 Emerged as the highest bidder for Mumbai-Pune Expressway project by making upfront payment of Rs. 918 crore to MSRDC for concession rights for a period of 15 years.1977 IRBPL was incorporated as a private limited company.1977 to 1995 Execution of various construction contracts in the roads sector including World Bankaided projects as an EPC contractor.September 1995 First venture in BOT Project being the signing of the Concession Agreement for Thane Bhiwandi Bypass Phase June 1997 Completion of the construction activities in the Thane Bhiwandi Bypass Phase November 1997 Signing of the concession agreement for the Kharpada Project for construction of a bridge over river Patalganga on a BOT basis.January 1998 Signing of the concession agreement for the Bhiwandi Wada project on a BOT basis.July 1998 Incorporation of the Company as a private limited company.September 1998 Signing of the concession agreement for the Thane Bhiwandi Bypass Phase II on a BOTbasis.November 1998 Signing of the concession agreement for the Khambatki Ghat project on a BOT basis.December 1998 Signing of concession agreement for the Kaman Paygaonproject on a BOT basis.February 4 1999 Completion of the Bhiwandi Wada project on a BOT basis.July 20 1999 Completion of the Kharpada Project Bridge over River Patalganga on a BOT basis.March 25 2000 Completion of the Kaman Paygaon project on a BOT basis.August 15 2000 Completion of the Khambatki Ghat project on a BOT basis.January 2001 Signing of the joint venture agreement with Mudajaya Corporation of Malaysia for the execution of NHAI funded contract for the Ratanpur to Himmatnagarsection of NH 8 for 54 kms.January 2001 Signing of a funded EPC contract for the Ratanpur to Himmatnagar section of NH 8 for 54 kms with the NHAI.November 2001 Signing of the concession agreement for the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.May 2002 Signing of an O&M and rehabilitation works contract withthe NHAI for the Chiloda Naroda Section Ahmedabad Bypass and the Ahmedabad Vadodara Section of NH 8 in Gujarat.May 2002 Signing of an O&M and rehabilitation works contract with the NHAI for Vadodara-Surat section of NH 8 in Gujarat.May 2002 Signing of the concession agreement for the Mohol-Kurul-Kamti-Mandrup road on a BOTbasis.February 2003 Signing of the concession agreement for the Pune SholapurProject on a BOT basis.August 25 2003 Completion of con struction activities in the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.August 2003 Signing of the concession agreement for the Pune Nashikproject on a BOT basis. December 2003 Completion of the Thane Bhiwandi Bypass Phase II.December 2003 Completion of the construction activities in Thane Bhiwandi Bypass BOT project - Phase II.January 2004 Completion of the construction activities for the funded EPC Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54 kms.May 2004 Emerged as the highest bidder for Mumbai-Pune Expressway project by making upfront payment of Rs. 918 crore to MSRDC for concession rights for a period of 15 years.1977 IRBPL was incorporated as a private limited company.1977 to 1995 Execution of various construction contracts in the roads sector including World Bank aided projects as an EPC contractor.September 1995 First venture in BOT Project being the signing of the Concession Agreement for Thane Bhiwandi Bypass Phase June 1997 Completion of the construction activities in the Thane Bhiwandi Bypass Phase November 1997 Signing of the concession agreement for the Kharpada Project for construction of a bridge over river Patalganga on a BOT basis.January 1998 Signing of the concession agreement for the Bhiwandi Wada project on a BOT basis.July 1998 Incorporation of the Company as a private limited company.September 1998 Signing of the concession agreement for the Thane Bhiwandi Bypass Phase II on a BOT basis.November 1998 Signing of the concession agreement for the Khambatki Ghat project on a BOT basis.December 1998 Signing of concession agreement forthe Kaman Paygaon project on a BOT basis.February 4 1999 Completion of the Bhiwandi Wada project on a BOT basis.July 20 1999 Completion of the Kharpada Project Bridge over River Patalganga on a BOT basis.March 25 2000 Completion of the Kaman Paygaon project on a BOT basis.August 15 2000 Completion of the Khambatki Ghat project on a BOT basis.January 2001 Signing of the joint venture agreement with Mudajaya Corporation of Malaysia for the execution of NHAI funded contract for the Ratanpur to Himmatnagar section of NH 8 for 54 kms.January 2001 Signing of a funded EPC contract for the Ratanpur to Himmatnagar section of NH 8 for 54 kms with the NHAI.November 2001 Signing of the concession agreement for the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.May 2002 Signing of an O&M and rehabilitation works contract with the NHAI for the ChilodaNaroda Section Ahmedabad Bypass and the Ahmedabad Vadodara Section of NH 8 in Gujarat.May 2002 Signing of an O&M and rehabilitation works contract with the NHAI for Vadodara-Surat section of NH 8 in Gujarat.May 2002 Signing of the concession agreement for the Mohol-Kurul-Kamti-Mandruproad on a BOTbasis. February 2003 Signing of the concession agreement for the Pune Sholapur Project on a BOT basis.August 25 2003 Completion of construction activities in the Ahmadnagar-Karmala-Temburni Road project on a BOT basis.August 2003 Signing of the concession agreement for the Pune Nashik project on a BOT basis.December 2003 Completion of the Thane Bhiwandi Bypass Phase II.December 2003 Completion of the construction activities in Thane Bhiwandi Bypass BOT project - PhaseII.January 2004 Completion of the construction activities for the funded EPC Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54 kms.May 2004 Emerged as the highest bidder for Mumbai-Pune Expressway project by making upfront payment of Rs. 918 crore to MSRDC for concession rights for a period of 15 years.