IRB Infrastructure Developers Pvt Ltd, which is owned by Virendra Mhaiskar, is the first company to implement the Build-Operate-Transfer (BOT), model. With numerous projects under the BOT concept, the company is providing state-of-the-art solutions and is playing a significant role in developing the infrastructure of India.
Build-Operate-Transfer or BOT is a concept that brings private infrastructure players to the forefront. The company that bags the project builds and operates it for a given period.
Hence, this concept serves a dual purpose for project developers. The project is constructed by a leading market player, which solves the government’s motive.
Further, the extended period of operating the scheme helps the private player recover its investment. Thus, the country’s infrastructure is improved, and the builder gets a chance to show their expertise.
The government, being the prime customer in this scenario, makes sure that the investment by the company is formed in a reasonable period. It also ensures that the investment recovery for the firm happens in time.
The significance of BOT concept is known to Virendra Mhaiskar, the owner of IRB Infrastructure. He believes that BOT offers enough leverage to both the company and the government.
Amongst the most diversified and well-known companies, IRB Infrastructure is globally acknowledged for its high-quality standards. Driven under the leadership of Virendra Mhaiskar, it has developed many projects under various categories all across India, covering 12,000 lane km so far. The company also has a 20 percent share in the Golden Quadrilateral.
The impeccable work that IRB Infrastructure has delivered over the years brought laurels to the company. The portfolio of projects that the company presently includes seven ongoing BOT projects, two projects under advanced stages of construction, four projects under tolling and development, and a few more.
Foraying deeper into the industry, IRB Infrastructure now also operates under the Hybrid Annuity Model (HAM). The HAM is a method where payment is made to the company in a different format.
IRB Infrastructure has developed multiple projects under BOT and other models and is now also working under HAM. It was possible with the vision of owner Virendra Mhaiskar that the company is where it stands today.