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This article is more than 3 year old.

IRB InvIT Fund reports Q4 FY18 revenue at Rs 151 crore

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IRB Infrastructure sponsored IRB InvIT Fund today reported a revenue of Rs 299 crore for the January-March quarter.

IRB InvIT Fund reports Q4 FY18 revenue at Rs 151 crore
IRB Infrastructure sponsored IRB InvIT Fund today reported a revenue of Rs 299 crore for the January-March quarter.
The trust clocked revenues of Rs 1,005 crore for the full fiscal 2017-18, the company said in a statement.
The InvIT also announced distribution of cash flow of Rs 174.15 crore to its unit holders at Rs 3 per unit, thus annualising the same to Rs 12.1 per unit for FY18, which includes Rs 2.20 per unit as interest and Rs 0.80 per unit as return of capital.
"There has been a strong bounce back in traffic growth, with double digit growth witnessed in Surat Dahisar, Tumkur Chitradurga, Bharuch Surat and Omallur Salem projects," it said.
IRB InvIT is managing seven operational road assets at present, with an aggregate value of around Rs 7,560 crore spread across the states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab.
************ Tamil Nadu ranks 1st in US Green Building Council list *
With 118 projects, Tamil Nadu ranks first in the list of top 10 Indian states in terms of gross sq ft (491 lakh sq ft) of LEED (Leadership in Energy and Environmental Design) certified space followed by Maharashtra.
According to the list released by US Green Building Council, Maharashtra, with 205 projects (367 lakh sq ft) ranks second with followed by Karnataka, Haryana, Delhi, Telangana, Uttar Pradesh, West Bengal, Gujarat and Punjab.
"India continues to be a leader in the green building movement and the states listed here have shown exceptional leadership and dedication to creating a more sustainable built environment," USGBC and Green Business Certification President and CEO Mahesh Ramanujam said.
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