History and Major Events : The chronology of key events since the inception of the

IRB Group is as follows:

Year Key Events, Milestones and Major Achievements

1977 IRBPL was incorporated as a private limited company.
Execution of various construction contracts in the roads sector
1977 to 1995
including World Bank aided projects as an EPC contractor.
First venture in BOT Project being the signing of the Concession
September 1995
Agreement for Thane - Bhiwandi Bypass Phase - I.
Completion of the construction activities in the Thane Bhiwandi
June 1997
Bypass Phase - I.
Signing of the concession agreement for the Kharpada Project for
November 1997
construction of a bridge over river Patalganga on a BOT basis.
Signing of the concession agreement for the Bhiwandi Wada
January 1998
project on a BOT basis.
July 1998 Incorporation of the Company as a private limited company.
Signing of the concession agreement for the Thane Bhiwandi
September 1998
Bypass Phase II on a BOT basis.
Signing of the concession agreement for the Khambatki Ghat
November 1998
project on a BOT basis.
Signing of concession agreement for the Kaman Paygaon project
December 1998
on a BOT basis.
February 4, 1999 Completion of the Bhiwandi Wada project on a BOT basis.
Completion of the Kharpada Project Bridge over River Patalganga
July 20, 1999
on a BOT basis.
March 25, 2000 Completion of the Kaman Paygaon project on a BOT basis.
August 15, 2000 Completion of the Khambatki Ghat project on a BOT basis.
Signing of the joint venture agreement with Mudajaya Corporation
January 2001 of Malaysia for the execution of NHAI funded contract for the
Ratanpur to Himmatnagar section of NH 8 for 54 kms.
Signing of a funded EPC contract for the Ratanpur to
January 2001
Himmatnagar section of NH 8 for 54 kms with the NHAI.
Signing of the concession agreement for the Ahmadnagar-
November 2001
Karmala-Temburni Road project on a BOT basis.
May 2002 Signing of an O&M and rehabilitation works contract with the
NHAI for the Chiloda Naroda Section, Ahmedabad Bypass and the
 Ahmedabad -Vadodara Section of NH 8 in Gujarat.
Signing of an O&M and rehabilitation works contract with the
May 2002
NHAI for Vadodara-Surat section of NH 8 in Gujarat.
Signing of the concession agreement for the Mohol-Kurul-Kamti-
May 2002
Mandrup road on a BOT basis.
Signing of the concession agreement for the Pune Sholapur Project
February 2003
on a BOT basis.
Completion of construction activities in the Ahmadnagar-Karmala-
August 25, 2003
Temburni Road project on a BOT basis.
Signing of the concession agreement for the Pune Nashik project
August 2003
on a BOT basis.
Completion of the construction activities in Thane Bhiwandi
December 2003
Bypass BOT project - Phase II.
Completion of the construction activities for the funded EPC
January 2004 Contract for the Ratanpur to Himmatnagar Section of NH 8 for 54
kms.
Emerged as the highest bidder for Mumbai-Pune Expressway
May 2004 project by making upfront payment of Rs. 918 crore to MSRDC
for concession rights for a period of 15 years.
Signing of the concession agreement and financial closure of the
August 2004
Mumbai Pune Expressway project of Rs. 1,181.41 crore.
Commencement of construction activities of the NH 4 and
August 2004 commencement of toll collection on the Mumbai Pune
Expressway.
Completion of construction activities for the Pune Sholapur BOT
December 10, 2004
project.
Commencement of construction activities on the O&M on
April 2005
Mumbai-Pune Expressway as BOT operator.
Signing of the concession agreement with the NHAI for the the
four-laning of (a) km 64-000 to km 94-000 and (b) Km 123 to km
July 2005
153 of the Nagpur-Hyderabad section of NH 7 in the State of
Maharashtra.
Emerged as the highest bidder for the Thane Ghodbunder project
November 2005 by offering a negative grant of Rs. 140.40 crore to the MSRDC for
concession rights for a period of 15 years.
Completion of the construction activities for the Pune-Nashik
December 20, 2005
Project.
 Signing of the concession agreement and financial closure of the
December 2005 Thane Ghodbunder project with financing of Rs.216.60 crore and
commencement of toll collection.
Signing of the concession agreement for the Bharuch Surat project
July 2006
on a BOT basis.
September 2006 Commencement of toll collection on Mumbai- Pune NH 4.
Achieved financial closure of the Bharuch Surat project with
December 2006
financing of Rs. 1,210.95 crore.
Payment of a negative grant to NHAI of Rs. 504 crore in respect of
December 2006
the Bharuch Surat project.
Formed a consortium with Deutsche Bank AG, Singapore to
January 2007 jointly pre-qualify for eight packages of four to six laning under
NHDP V.
Awarded the contract by the Ahmedabad Municipal Corporation
for the construction of Janmarg (Bus Rapid Transport System
February 2007
Project) from Narol Circle to Naroda Patiya in Ahmedabad for a
total project cost of Rs. 132.99 crore.
Balance work of construction of Tapi Bridge amount to Rs. 44.15
April 2007 crore was awarded as an additional scope of work to Bharuch
Surat BOT Project
Awarded the funded contract by the Ahmedabad Municipal
Corporation for construction of Janmarg (Bus Rapid Transport
June 2007
System Project) from Pirana-Danilimada-Maninagar-Narol in
Ahmedabad for a total project cost of Rs. 78.36 crore.
Successfully Completed the construction phase of the Thane-
July 2007
Ghodbunder project.
Granted "pre-qualified" status that entitled the IRB Group to
submit request for proposals for certain NHDP Phase V road
infrastructure projects; namely, the Chennai-Tada project on NH 5,
September 2007
the Gurgaon - Kotputli - Jaipur project on NH 8, the Surat -
Dahisar project on NH 8, the Chilkaluripet - Vijayawada project
on NH 5 and the Panipat - Jalandhar project on NH 1.
Acquisition of shares in IRBPL, IRB Infra, NKT, TGTRPL and
September 2007
MIPL making them wholly-owned Subsidiaries of the Company.
Submitted bids for the Gurgaon - Kotputli - Jaipur project on NH 8
and the Surat - Dahisar project on NH 8. For further information,
November 2007
see "Business-Our BOT Infrastructure Development Projects -
Recent Developments" on page 83 of this Prospectus
December 2007 Submitted a bid for a BOT project relating to the Integrated Road
 Development Program in Kolhapur.
Company has launch its Initial Public Issue duing 31st January
January 2008 2008 to 5th February 2008. The issue was oversubscribed by 4.3
times. Issue price thereafter was fixed at Rs. 185/- per share
Declared as Successful Bidder for the Project of " Six Lanning of
Surat - Dahisar section of NH-8 from Km 263.00 to Km 502.00
February 2008 (Length - 239 Km ) in the state of Gujarat / Maharashtra to be
executed as BOT (Toll) basis on DBFO Pattern under NHDP
Phase - V"
Company was listed on Bombay Stock Exchange and National
February 2008
Stock Exchange on 25th February 2008
Declared as Successful Bidder for the project of " Integrated Road
February 2008
Development Programme (IRDP) for Kolhapur City"
Concession Agreement for 6 - Laning of Surat - Dahisar BOT
Project on DBFO pattern has been executed on 30th April 2008
April 2008
Between National Highways Authority of India and IRB Surat
Dahisar Tollway Private Limited at New Delhi