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Got Rs 18K orders so far this year, will get Rs 5K-7K more: IRB Infra

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Almost all of IRB Infra’s projects have witnessed a very strong traffic growth and are now collecting revenues at pre-COVID levels, the company’s Chairman and Managing Director VD Mhaiskar said in an interview with CNBC-TV18.

Almost all of IRB Infra’s projects have witnessed a very strong traffic growth and are now collecting revenues at pre-COVID levels, the company’s Chairman and Managing Director VD Mhaiskar said in an interview with CNBC-TV18.
The company is expected to reach back to the pre-COVID level in Q3 and he expects some year-on-year (YoY) growth in the March quarter.
“The additional capex from the government side will add more fire to it,” Mhaiskar said.
NHAI intends to rollout Rs 98,000 crore worth of projects this year and almost Rs 46,000 crore worth of projects have been awarded this year. IRB Infra ended up winning around 5 percent share of that, Mhaiskar said.
The company has added almost Rs 18,000 crore of orders in this fiscal and intends to add another Rs 5,000-7,000 crore of more orders before March.
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