New Delhi (BharatNeeti): IRB Infrastructure Developers Limited has appointed Luis Aguirre de Carcer Cabezas as a Non-retiring Additional NonExecutive Director of the Company with effect from December 29, 2024.
The appointment has been approved by the board of the company on the recommendations of the nomination and remuneration committee and is subject to the
approval of the shareholders.
There are no inter-se relations between proposed director and the other members of the Board. Further to the best of our knowledge and information and as confirmed by Luis Aguirre de Carcer Cabezas, he is not debarred from holding the office as a Director of the Company, by virtue of an Order passed by the Securities and Exchange Board of India or any other authority.
Also, he is not disqualified from holding the office as a Director pursuant to the provisions of Section 164 of the Companies Act, 2013.
IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approximately Rs 80,000 crore in 12 states across the parent company and two InvITs.
The company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane km pan India in its existence of more than 25 years in India, of which 15,500 lane km are under operations at present.
The group commands a market share of around 33 per cent of the awarded TOT space. It also comprises around 14 per cent share in the prestigious Golden Quadrilateral Highway Project and 12 per cent share in India’s North South highway connectivity.
