IRB Infrastructure Developers : Infra SPV receives appointed date from NHAI for its West Bengal BOT project; starts tolling and construction from April 02, 2022

Media Release:

IRB Infra SPV receives appointed date from NHAI for its West Bengal

BOT project; starts tolling and construction from April 02, 2022

• • Company to collect Toll for the Concession Period of 17 Years

• • Project will be executed by Company jointly with its associate, IRB Infrastructure Trust

• • Project is four to six laning of 63.83 Kms (378 Lane Kms) stretch of NH-19 between Palsit and Dankuni

Mumbai, April 04, 2022: IRB Infrastructure Developers Ltd.'s Special Purpose Vehicle (SPV), Palsit Dankuni Tollway Pvt. Ltd., has received Appointed Date from the National Highway Authority of India (NHAI); as a result of which the Company has commenced Tolling and Construction for the project with effect 2nd April 2022.

The Company will continue to collect toll for the concession period of 17 years.

Mr. Virendra D. Mhaiskar, Chairman & Managing Director, while commenting on the development said, "This is our first project in the eastern region of India, the 10th State overall. We are grateful to all the authorities for extending their valuable support and cooperation. We would leave no stone unturned to ensure timely completion of the project with high quality and safety standards to bring the world class experience for the people of West Bengal."

The project will be executed by IRB Infra and its associate IRB Infrastructure Trust.

Earlier, the Company had successfully achieved Financial Closure for the Rs.2,403 Crs BOT project involving 4 to 6 laning of 63.83 Kms (378 lane Kms.) stretch of NH-19 between Palsit and Dankuni in West Bengal with Rs. 1,650 Crs financing from lenders.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India's one of the largest and leading private roads and highways infrastructure developers, with an asset base of Rs. 61,000 Crs. across the parent company and two InvITs.

The Company has strong track record of constructing over 13,364 lane Kms pan India in two decades and has an ability to construct over 500 Kms in a year. It has approx.

20% share in India's prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India.

IRB Group's portfolio (including Private and Public InvIT) comprises 24 projects in all, including 23 highway projects that further include 18 BOT projects, 1 TOT projects and 4 HAM projects and 1 Airport project in Sindhudurg District of Maharashtra.

For further details, please contact:

• • Vivek Devasthali, Head - Corporate Communications, 99300 80099,[e-mail]

• • Siddharth Kumar, Sr. Account Director, Adfactors PR, 99029 [e-mail]