IRB’s growth metrics look up but can they level the road firm’s mountain of debt?

By Aman Malik

  • 27 Nov 2019
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Credit: Pexels

Earlier this month, the National Highways Authority of India (NHAI) terminated two projects that were awarded to roads developer IRB Infrastructure Developers Ltd in Tamil Nadu. The scrapping of the two so-called HAM (hybrid annuity model) projects was not entirely unforeseen, as they were facing land acquisition issues. However, it did ......

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