Mumbai: IRB Infrastructure Developers Ltd sees its net debt rising by another Rs 700-1000 crore in the next two quarters, while the toll-road builder has been pre-qualified for about Rs 30,000 crore of projects, a top official told Reuters on Thursday.
“There are about 3-4 projects under construction, financial closures have already been done for these projects, and these are in advanced stages of construction. As and when the projects progress, we will draw debt from the banks,” its Chief Financial Officer Anil Yadav said.
The company had a net debt of Rs 4400 crore as of 30 Sept , he said.
Earlier, IRB Infra reported a 11.06% rise in consolidated net profit in June-Sept to 1.1 billion rupees.