IRB Infrastructure Trust refinances five BOT projects worth Rs 64 billion

IRB Infrastructure Trust, the private InvIT of IRB, has completed the refinancing of five build operate transfer (BOT) projects, with a total value of approximately Rs 64 billion. Two of them are in Maharashtra, two in Uttar Pradesh and one in Rajasthan. The refinancing effort has reduced the interest rate to 8.6 per cent, down from the previous 9.7 per cent, resulting in cost savings of Rs 10 billion over the next five years.