VD Mhaiskar, CMD, IRB Infra says the company’s current order book stands at Rs 11,000 crore and the Aurangabad toll project is its second largest after Ahmedabad-Baroda project.

IRB Infra achieved financial closure for its Aurangabad toll project. The total cost of the project is estimated at Rs 3,177 crore, of which Rs 1,756 crore will be funded through project finance and equity contribution by company will be around Rs 863 crore.

VD Mhaiskar, CMD, IRB Infra says the company’s current order book stands at Rs 11,000 crore and the Aurangabad toll project is its second largest after Ahmedabad-Baroda project. The company expects to achieve 18-20 percent equity IRR (internal rate of return) for 26 years. This 26-year period will include construction phase as wel. The company will begin construction now.