IRB Infrastructure Developers - the tycoon toll-road builder of India is planning for a change in their routine investments. Power was the new segment they sought interested in despite keeping the cement tactics at hold for the time being. According to the sources, Virendra D. Mhaiskar Chairman and Managing Director reveals that now they want to put more focus on the highway biddings where as at an earlier statement in June, they expressed their keen interest into the both cement and the power section.
Top officials of IRB team is also explains that they already had stepped to the segment and also qualified to handle one or two assignment to proceed further with the norm. But the company’s core decision was to keep silent for the moment and will reveal all the details in near future; by Mhaiskar. But it also came to the limelight that their proposed plans are on stack to foray into the cement sector. As of now a total number of 16 projects are at the card of which 10 are outfitted and there is an order tome of amounting close to Rs 100 billion. On a short with the Chairman, he tactically kept away the topic of power project and was at silent mode for its reason for holding the further proceedings after getting qualified for the bidding. Even the statement is still unclear for their cement sector too as due to the lack of lucidity in mining sector. But further revealing he says the IRB is planning to bid for the mining of the lime stone as a part of it cement project.
Source: NIMMA BENGALURU
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