Mumbai, July, 20 (PW News): IRB Infrastructure Developers Ltd (IRB),a major among the road operating companies has marked a profit of Rs 134 crore with a total income of Rs 830 crore for the Q1FY12. The company’s income from operations increased to Rs 801 crore, up by 57% from Rs512 crore for Q1FY11. A substantial increase was marked in the total income due to increased momentum in projects executing during this quarter. The company’s construction revenue increased to Rs572 crore up by 84% from Rs 311 crore in Q1FY11. Toll Revenue in Q1FY12 increased to Rs.229 crore, up by 14%, from Rs.201 crore for Q1FY11. “Having six Projects under construction, the execution is the key area of focus now. Currently, we are qualified to bid for 41,000 crores (approx) of Projects and we will bid for Projects on the basis of their viability,” says Virendra D. Mhaiskar, Chairman & Managing Director of IRB.

PW News Bureau