Joint Venture19 Jan 2026, 04:51 pm
IRB Infrastructure Developers Ltd Executes Project Implementation Agreement for TOT-17 Project
AI Summary
IRB Infrastructure Developers Ltd has executed the Project Implementation Agreement for the TOT-17 Project with IRB Harihara Corridors Private Limited (IRBHCPL), its wholly owned Special Purpose Vehicle (SPV) and Associate. The Company will act as the Project Manager for IRBHCPL in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended. This agreement is pursuant to the approval of shareholders at the Extraordinary General Meeting of the Company held on January 13, 2026, and a disclosure dated December 21, 2025, regarding the Material Related Party Transactions to enter into Project Implementation Agreements with IRBHCPL.
Key Highlights
- IRB Infrastructure Developers Ltd has executed the Project Implementation Agreement for the TOT-17 Project.
- The agreement is with IRB Harihara Corridors Private Limited (IRBHCPL), a wholly owned SPV and Associate of the Company.
- The Company will act as the Project Manager for IRBHCPL.
- This agreement is pursuant to the approval of shareholders at the Extraordinary General Meeting of the Company held on January 13, 2026.
- It is also in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended.