IRB INFRASTRUCTURE DEVELOPERS LTD. - Update Regarding Financial Closure Achieved By Meerut Budaun Expressway Limited

We are pleased to inform you that Meerut Budaun Expressway Limited - Wholly-owned Subsidiary of the Company ('the SPV'), has achieved financial closure for the Project of development of Access Controlled Six Lane (Expandable to Eight Lane) Greenfield ''Ganga Expressway'' [Group-I, from Km. 7+900 (Village: Bijoli, Distt: Meerut) to Km. 137+600, (Village: Nagla Barah, Distt: Budaun), Design length 129.700 Km] in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP.