IRB Infrastructure Developers, is
nearing the financial closure of its Surat-Dahisar six-laning contract for which
the company needs Rs.2,800 crore.
The company is close to signing a deal
with a consortium of nationalised banks, with Canara Bank as the lead bank, for
the debt component of Rs.1,950 crore. It has also received an in-principle nod
from Canara Bank. As for the balance of about Rs.850 crore, internal accruals
and about Rs.450 crore as equity infusion will tide over the requirement.