irb infrastructure developers ltd is an indian highway construction company headquartered in mumbai .

it is part of the irb group .

irb infrastructure , which executed the country 's first build-operate-transfer ( bot ) road project , is one of the largest operators of such ventures .

currently it has about 3404.40 lane km operational and about 2330.4 lane km under development .

among its notable projects are the mumbai pune expressway and the ahmedabad vadodara expressway in 2012 , irb acquired tamil nadu based bot road builder mvr infrastructure and tollways for ₹ 1.30 billion .

irb infrastructure

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irb infrastructure owner virendra mahiskar has india ' s prime bot projects worth capital is rs . 6 , 150 , 000 , 100 . irb infrastructure ltd is an indian highway construction company . irb infrastructure grows 3 % from the toll roads .
virendra mhaiskar , irb infrastructure owner looks to capitalize the whole framework of business .
at its board meeting held on monday , irb infrastructure developers ( irb ) has approved adding another road project to the company - promoted infrastructure investment trust ( invit ) .
road developer irb infrastructure developers ltd has won a rs 10 , 050 - crore . . .
the company history page lists out the major events in chronological order for irb infrastructure developers ltd .
mumbai : roads developer irb infrastructure developers ltd on tuesday said it plans to raise rs5 , 035 crore from listing of its infrastructure investment trust ( invit ) , irb invit fund , to unlock value from certain operational assets .
irb infrastructure’s spv achieves financial closure for rs 2 , 088 - crore highway project on rajasthan - gujarat border .
irb infrastructure developers ltd . is a widely known and trusted name in the construction and infrastructure sector . the company was incorporated to fund the capital requirements of the irb group initiatives in the infrastructure sector . since its inception , the company has attained commendable success and established benchmarks of excellence in its sector . it undertakes development of various infrastructure projects in the road sector through several special purpose vehicles . about irb :
irb infrastructure has transferred 100 % ownership in six of its operational road projects spanning 700km under the invit . photo : hindustan times
irb infrastructure , on wednesday , said it acquired 100 per cent stake in road bot ( build - operate - transfer ) firm mvr infrastructure and tollways in tamil nadu for about rs . 130 crore .
the six project entities that form part of the initial portfolio of the invit have been transferred from the bot assets . the projects comprises of idaa infrastructure pvt ltd , irb surat - dahisar tollway private ltd , irb talegaon amravati tollway pvt ltd , irb jaipur deoli tollway pvt ltd , irb tumkur chitradurga tollway pvt ltd and m . v . r infrastructure and tollways pvt ltd .
irb infrastructure developers ltd . was incorporated to fund the capital requirements of the irb group initiatives in the infrastructure sector . the company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles . ( businesses of holding co . and its subsidiaries will be implemented under superintendence , direction and control of the board of holding company , with the objective of maximizing value for all stakeholders . )
other awardees at the event included irb infrastructure , tata projects , itd cementations , jusco ltd , il & fs , reliance infrastructure , caterpillar cargo , et al . the lifetime achievement award went to dr . gvk reddy , founder chairman and md , gvk group .
gadkari dismissed the allegations as “completely false” and said the ministry followed a transparent e - tender system . he also denied that his son was a director in irb infrastructure developers .
irb infrastructure developers ltd . , incorporated in the year 1998 , is a mid cap company ( having a market cap of rs 7443 . 71 crore ) operating in construction sector .
irb has received rs 1 , 700 crore as consideration from the invit and irb continues to hold 15 per cent of the unit capital of the invit .
the organizing committee and jury of the epc world group unanimously recognized adani institute of infrastructure management ( aiim ) with industry honor for its academic contribution in the infrastructure and construction sector as “emerging institute for infrastructure management” in special achievements category during the 6th edition of epc world awards at the ashok hotel , new delhi .
irb infra closes below 150 - day moving average of 235 . 21 today .
irb infra closes above 150 - day moving average of 235 . 41 today .
irb infra closes above 200 - day moving average of 230 . 21 today .
virendra mhaiskar is the owner of irb infrastructure which is a public incorporated on 27 july 1998 . the company along with its subsidiaries is engaged in the construction , development and maintenance of road .
jamshedpur , jan . 23 : at the 6th epc world awards , in the infrastructure category , jusco got an award for outstanding contribution in urban infrastructure for water supply and recycle & reuse of treated sewage project at jamshedpur .
incorporated in the year 1998 , irb infrastructure developers ltd is india’s leading and one of the largest private roads and highways infrastructure developers in build - operate - transfer ( bot ) space . the company carries out engineering , procurement , construction ( epc ) as well as operations and maintenance activities in - house .
toll road firm irb infrastructure developers has received a contract worth rs 2 , 100 crore from the national highway authority of india ( nhai ) for a six - lane project in rajasthan and gujarat .
according to pti , gadkari dismissed the allegations as “completely false” and said the ministry followed a transparent e - tender system . he also denied that his son was a director in irb infrastructure developers .
the advantage of invit – given the challenging phase of infrastructure , invits provide a suitable structure for financing or refinancing of infrastructure projects in the country . invits are designed to attract low - cost , long term capital and the underlying focus is to reduce the funding pressure on the banking system as well as generating fresh equity capital for infrastructure projects .
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irb infrastructure developers ltd . office no . 11th floor / 1101 , hiranandani knowledge park , technology street , hill side avenue , opp . hiranandani hospital , powai , mumbai – 400 076 cin : l65910mh1998plc115967
mumbai : irb infrastructure developers ltd , which recently won the bid to build south asia’s longest tunnel road in jammu and kashmir , said on tuesday the government has cancelled the award without mentioning any reason .
irb infrastructure developers ltd . on wednesday said its special purpose vehicle ( spv ) , udaipur tollways , has achieved financial closure for rs 2 , 088 - crore highway project on rajasthan - gujarat border .
we are a leading epc company , offering end - to - end solutions in infrastructure , transportation and industrial projects .
investors with a long - term perspective can buy the stock of leading road developer irb infrastructure developers . the company’s order book has been growing at a healthy pace and earnings growth has revived in recent times .
awards and achievements irb infrastructure developers limited , an integrated infrastructure construction and development company in india has been conferred with the cnbc tv 18 essar steel infrastructure excellence award in the highways & flyovers category . it is the second consecutive year that the company has been honored with this award . mr . virendra d . mhaiskar , chairman & managing director of irb , bagged the “young turk of the year” award at the 6th edition of cnbctv18 india business leader awards presented by honorable finance minister , shri pranab mukherjee on 11th december 2010 at mumbai .
irb approved selling 100 per cent equity stake in irb pathankot amritsar toll road pvt ltd — a special purpose vehicle ( spv ) managing the pathankot - amritsar section of nh - 15 in punjab to irb invit fund , which already has six road assets listed under it .
irb infrastructure developers ltd . key products / revenue segments include contract revenue which contributed rs 3412 . 54 crore to sales value ( 100 . 00 % of total sales ) for the year ending 31 - mar - 2017 .
three days after toi exposed the controversial dealings of bjp president nitin gadkari , eyebrows are being raised over the exponential growth of ideal road builders ( irb ) , an infrastructure company set up by virendra d mhaiskar in 1977 .
except the invit assets , irb has reported toll collection for all of its projects . the toll revenue of irb has been impacted by gst resulting in overall traffic growth of 4 per cent for the portfolio excluding the invit assets . the impact of gst on irb infrastructure developer has reflected from the second half of the month of june 2018 and may persist till the second quarter of fiscal 2018 , resulting in muted toll growth .
“it’s certainly a loss of opportunity , ” virendra mhaiskar , managing director at irb infrastructure said over phone . “it’s negative in terms of order book but not in terms of financial impact because there was no investment made so far . ”
invits raise funds from a large number of investors and directly invest in infrastructure projects or through a special purpose vehicle . this long - term investment instrument aids the developers of infrastructure assets to monetise their assets by pooling multiple projects under a single entity within a trust structure .
udaipur tollway pvt . ltd . , a special purpose vehicle ( spv ) of irb . . .
the awards committee received nominations from over 250 companies for various categories , including giants of the infrastructure sector like bhel , bsnl , coal india ltd , tata group , adani group , reliance adag group , jcb , gvk group , gmr group , il & fs transportation networks ltd , sadbhav group , irb infrastructure developers ltd , ashoka buildcon ltd , jsw cement ltd and industry stalwarts .
udaipur tollway pvt . ltd . , a special purpose vehicle ( spv ) , has successfully achieved financial closure for its rajasthan - gujarat border six - laning bot ( build , operate , transfer ) project , irb infrastructure said in a bse filing .
irb infra q4 pat seen up 12 . 6 % yoy to rs 233 . 3 cr : icici direct
irb infra bagged the project last year by offering a premium of rs 163 . 80 crore to nhai .
bajaj consultants , based on the information provided by irb , prepared the business plan and future cashflow estimates for the promoter – ie , irb infrastructure developers ltd - on a consolidated level to estimate if irb could meet its commitment through its internal accruals . the estimates were prepared commencing from fy 2012 to fy 2021 , which covers the base year , the initial construction period of three years and the first six years of operation during which promoter funding is needed to cover negative cashflows . the projections to the comfort of the lenders showed that irb could comfortably meet its commitments for the construction and operational periods .
overseas infrastructure alliance ( india ) pvt . ltd . conferred the prestigious ' outstanding contribution in overseas infra project ' award at the 6th epc world awards 2017
an invit is mutual fund like institution that owns and manages income - generating infrastructure projects . it pools small sums of money from large number of investors and allows them to directly invest in infrastructure projects such as roads and power , and returns a portion of the income after deducting the expenses to the investors .
the 6th epc world awards committee received nominations from over 250 companies , including giants of the infrastructure sector like bhel , bsnl , coal india ltd , tata group ( tata projects , tata steel , jusco ) , adani group , reliance adag group , jcb , gvk group , gmr group , il & fs transportation networks ltd , sadbhav group , irb infrastructure developers ltd , ashoka buildcon ltd , jsw cement ltd and industry stalwarts .
the congress on monday alleged corruption in a rs 10 , 500 - crore contract awarded by ministry of road transport and highways , headed by nitin gadkari , to irb infrastructure developers ltd for construction of zojila pass tunnel project in jammu and kashmir , a charge the minister denied .
during may 2017 , the road infra - major launched and listed india’s first ever infrastructure investment trust ( invit ) . the company raised rs 5 , 035 crore through an initial public offering ( ipo ) of its invit . the company shall use about two - thirds , or up to rs 3 , 300 crore of the funds raised to repay the underlying debt associated and the balance will go the parent and sponsor irb infrastructure developer .
even after the rfq was again invited , only a single bid emerged . accordingly , wider participation was called . when the bid submission day was over in november 2015 , only one bidder participated . subsequently , bids were reinvited . irb infrastructure developers submitted the bid in december 2015 .
event : overseas infrastructure alliance ( india ) pvt . ltd . conferred the prestigious ' outstanding contribution in overseas infra project ' award at the 6th epc world awards 2017
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stock exchange of india , following reports in a section of the media . on the relationship between irb and gadkari , mhaiskar submitted that since irb infrastructure developers and its subsidiaries did not have any business relationship , past or present with gadkari , there was no question of any conflict of interest . on his investment in firms controlled by gadkari , mhaiskar said that irb made an investment of rs 1 . 85 crore in equity shares of ppsl mainly for good returns—besides , at the time of the investment , gadkari was not the public works minister .
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irb infrastructure developers ltd has achieved financial close with a debt tie - up of rs33bn for its rs48 . 8bn bot project of six - laning the ahmedabad vadodara section of nh8 and the improvement to the existing ahmedabad vadodara expressway . by rohin agarwal and nikhil maniar , senior associates , bajaj consultants pvt ltd .
these changes relate to pawar ' s shareholdings in two controversial firms in maharashtra - - mumbai - based irb infrastructure developers ltd and pune - based panchshil hotels pvt ltd , part of the panchshil group of companies which has been in the spotlight for its partnerships with the 2g spectrum scam - tainted db realty .
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irb infrastructure was the first road developer in india to launch an invit in may this year . the invit’s ipo that got oversubscribed 8 . 7 times raised ₹5 , 035 crore . taking to the invit route could help the company reduce its debt equity ratio to approximately 1 . 8 : 1 from 3 : 1 .
“with the new pathankot asset , it will get reduced further , ” sudhir hoshing , joint managing director , irb infrastructure , told businessline . he added that the invit has the capacity to double in size , allowing the promoter company to further reduce debt as well as fund new projects . although irb invit fund has been trading below the issue price of ₹102 a share since it got listed , the stock has been picking up slowly since the beginning of july . irb invit fund’s board will meet on wednesday to consider the new acquisition as well as declaration of the first dividend distribution for fy18 .
overseas infrastructure alliance ( india ) pvt . ltd . was conferred with the prestigious ' outstanding contribution in overseas infra project ' award at the 6th epc world awards 2017 in new delhi . the annual epc world awards , one of the most reputed award in its space , acknowledges the achievements of companies and individuals across the infrastructure , construction and real estate sectors in india .
the transaction is subject to approvals from concerned authorities . “if everything goes well , we expect to complete the transaction probably by end of next quarter , ” virendra mhaiskar , chairman & managing director of irb infrastructure developers said . mhaiskar was re - appointed as chairman & md for a term of five years with effect from september 7 .
“this is the first time that any company has acquired a road bot company . going forward , we will continue to look at such opportunities , ” irb infrastructure chief financial officer anil yadav told pti here . “at present , there are almost 40 - 50 road bot projects up for sale . we are looking at all opportunities for growth . ”
irb have successfully executed numerous bot projects in roads and highways sector , including augmentation of the national highways and sections of the golden quadrilateral . irb developed the nation’s first ever bot project ( thane bhiwandi bypass ) . irb group have one of the largest bot portfolios ( operational projects and projects under construction ) in the country with a total length of around 10 , 036 lane kms . they have a share of 13 . 17 % in the golden quadrilateral .
irb said it will use about rs3 , 300 crore of proceeds to repay underlying debt associated with the assets and the balance to pay back sponsor debt .
it also mentioned irb ' s construction order book to stand to around rs . 10 , 000 crore , which would be executed in the next four years .
virendra , on forbes india’s list of 100 richest indians , is chairman of irb infrastructure , a company that has slowly made its mark as a developer of integrated bot road projects . the younger brother jayant is managing director of mep toll road ltd , where dad dattatray is chairman and chief mentor . the privately - held mep toll is focused on toll collection ( toll - plazas ) and maintenance of roads . his most high - profile contract ( with maharashtra state road development corporation ) is to toll mumbai’s five entry points and maintain 28 flyovers and allied infrastructure , for the next 14 years .
the epc world awards are presented annually by epc world media group in association with zee business channel as media partner . the awards acknowledge the achievements of companies and individuals across the infrastructure , construction and real estate sectors .
the construction ( epc ) business on standalone basis is valued at rs 125 per share or 4 times its expected earnings of enterprise value - to - ebitda . this is 50 per cent discount to peers as irb largely executes captive bot orders and in an event of slowdown in bot project awards , irb may get negatively impacted .
on the other hand , irb’s second - largest tollway , ahmedabad –vadodara project is facing traffic diversion to completing state highway and irb has sought relief from nhai . consequently , the company has filed a claim with government agencies for rs 170 crore as compensation from dec - 15 onwards and has asked nhai to take up issue with gujarat state government .
the core strength of irb lies in its ability to execute bot road and highway projects , including sections of the golden quadrilateral and the national highways . mumbai - based , irb developed india’s first ever bot project : thane - bhivandi bypass and has one of the largest bot portfolios including both operational projects and projects under construction in the country with a total length of around 12000 lane kilometers . at present , under the bot division , irb is operating and maintaining highways with length of more than 8000 lane kms across india .
addressing reporters at the congress headquarters , singh claimed gadkari had close links to the mhaiskar family , promoters of irb group . “in the past , they have invested crores in companies of gadkari family and nikhil nitin gadkari , son of nitin gadkari , was shareholder and promoter director in ideal energy projects ltd of irb group , ” he wrote in his letter to the pm .
during the first quarter , the epc business of irb witnessed 45 per cent revenue growth on year on year basis . this robust growth is led by strong execution in five under construction projects .
the award was presented to mr . chander shekher gupta , advisor – sales and marketing , overseas infrastructure alliance ( india ) pvt . ltd . by dr . mahendra nath pandey , union minister of state for human resources development and shri udit raj , member of parliament , in the presence of shri pratip chaudhuri , former chairman , state bank of india and shri tejasvi sharma , md and editor in chief , epc world media group at a glittering award ceremony attended by the who ' s who of the infrastructure industry .
the cbi , which is investigating the murder of rti activist satish shetty , carried out searches at the offices of irb infrastructure developers ltd , which has recently also been dragged into the controversy surrounding bjp president nitin gadkari . shetty , who was killed in january 2010 , had registered a complaint with pune ' s crime branch in his attempt to expose a land scam involving irb chairman virendra mhaiskar . while cbi officials remained tight - lipped about the searches on friday , sources said that various teams of the agency had swooped down on at least four of irb ' s offices in pune . shetty was killed on january 13 , 2010 outside his house in talegaon in pune . in 2009 , he had informed the pune police that mhaiskar had threatened him and his life was in danger . he had sought police protection too . the bombay high court had handed over the case to the cbi in october 2011 . shetty was working on documents supposedly to expose irb and its subsidiary companies that had staked claim to ownership of government land on the basis of fake documents that were approved by conniving bureaucrats . recently , the irb group was also mentioned in the gadkari controversy for huge unsecured loans it has doled out to gadkari ' s purti sugar and power ltd . activists allege that in return for these
loans
, irb was awarded plump contracts by the maharashtra government due to the influence of gadkari as a pwd minister .
this should continue , given the strong thrust to road projects by the government and the national highways authority of india ( nhai ) through key policy changes . irb as a major developer should benefit .
chairman & managing director of irb mr . virendra d . mhaiskar , is the chairman and managing director of the company . he holds a diploma in civil engineering from shriram polytechnic , navi mumbai . as a civil engineer , he has hands on experience of more than 25 years in the construction and infrastructure industry to his credit . he is responsible for developing new business , executing road construction and bot projects . he is providing overall vision and strategy to the company .
the major pain point for ahmedabad bot is rs 800 crore sub debt from irb , towards cash shortfall . irb is facing loss in traffic with competing stretch being upgraded by gujarat state . the company has raised the issue with national highways authority of india ( nhai ) and wants the authority to take up the issue under ‘state support agreement’ . the resolution for same is expected over next few quarters .
irb infra shares rose 3 . 16 % to close at rs254 . 60 on the bse tuesday , while the benchmark sensex rose 0 . 97 % to close at 29 , 943 . 24 points .
on 4 january , irb won the bid for an all - weather zoji la pass tunnel road , which was to connect srinagar to ladakh region that remains cut off during winters . at an estimated cost of
shri virendra d . mhaiskar , chairman & managing director of irb , was chosen as the “young turk of the year” at the 6th edition of cnbctv18 india business leader awards on 11th december 2010 at mumbai .
for the clearance of ethical issues in research related to animal and human subjects , cpcsea approved institutional animal ethical committee ( iaec ) and rdt hospital supported institution review board ( irb ) , have been established .
dr . diptiranjan mahapatra , head – academics , aiim was invited to speak at the event on “infrastructure outlook for 2017” . he elaborated , “while 2016 saw most of the policy interventions – hybrid annuity model , tot ( toll - operate - transfer ) , rera bill , larr 2013 , reits , invits , major port bill , revenue sharing in oil & gas , etc . – either in place or soon to be , 2017 should bring fruition to all these initiatives . eventually , what government has been and should be trying to do is to own the implementation risk i . e . the ‘build’ part and invite the private sector especially the infrastructure - focused funds and pension funds to do the manage part . additionally , the infrastructure sector should expect disruptions , especially in the epc space” . his speech was well received by the dignitaries and delegates in attendance .
the six operational assets have a proven track record of revenue and have shown a cagr ( compounded annual growth rate ) of 11 . 4 % , said virendra mhaiskar , chairman and managing director of irb infra .
irb is among the big boys in the road sector in the country . its portfolio of 21 bot projects ( 14 operational , six in construction phase and one won recently ) is among the largest in the country .
shri suresh prabhu ( hon’ble minister of railways ) and dr . narendra nath pandey ( hon’ble minister of state for human resource development : mos – hrd ) were chief guests at the event . dr . pandey , during felicitation ceremony , appreciated the efforts of the infrastructure industry towards nation - building .
irb has indicated it will be agnostic towards the type of contracts it will bid for , whether bot toll , bot annuity or ham , as long as it gets a competitive 18 per cent plus return on its investment .
irb contributions for the betterment of society a model irb primary school is being run by the company or the children of the village maalion ka jhopra at tonk district in rajasthan , where 271 children are being provided free education including uniforms and books . the company has also succeeded in encouraging girl children of the area for education . in a traditional and backward rural area of rajasthan , where educating a girl child is frowned upon , irb’s school has the distinction of having more girl students ( 141 ) than boys ( 130 ) students . the company is replicating the same model and starting a school in the pathankot district of punjab , near the amritsar - pathankot bot project .
for the nine months ending december 2015 , irb’s consolidated revenue grew 25 per cent year - on - year while profit grew 20 per cent . this is a strong revival from the performance in the period between 2013 and 2015 .
we , at irb , have been fully committed ourselves for growth of the organization ; the society and above all the nation . our projects , initiatives taken for the betterment of society , have portrayed our hard work and commitment .
given its track record of winning bot contracts and executing them well , the company can be reasonably expected to get a fair share of the upcoming projects over the next few years . the recent big win of the ₹10 , 000 crore plus zozila pass project in jammu and kashmir — irb’s first bot annuity contract — lends confidence . with this , irb’s order book stands at ₹17 , 320 crore — at 4 . 5 times 2014 - 15 revenue — that provides good construction earnings visibility .
in a stock exchange filing after market hours , irb said that it has received communication from the ministry “that they have decided to cancel the bid process for the project and cancelled the said loa ( letter of award ) without assigning any reasons” .
according to sources , national highways and infrastructure development corporation ( nhidcl ) had invited tenders for the zojila tunnel project , under the engineering , procurement and construction ( epc ) mode , for constructing a road between srinagar and leh - ladakh , which is covered in snow for most of the year , hence making the project strategically significant .
irb’s net debt - to - equity ratio is about 2 . 7 times as of december 2015 and interest cover was around 1 . 6 times . this is not too high considering the dynamics of the business and the high leverage of many peers .
the total debt of rs33bn was structured by bajaj consultants pvt ltd , which was the sole financial adviser for this transaction . this is the largest debt syndicated so far for a toll - based bot highway project in india . the scope and the structure of the deal present a vital insight into the emerging trends in the indian infrastructure space .
the concession awarded to the company is for a period of 25 years , which includes a construction period of three years . the section of nh8 between ahmedabad and vadodara is currently a two - lane facility . expressway ne1 is a four - lane facility that is already being tolled by nhai through tolling agencies . the tolling on ne1 would be taken over by irb from the appointed date , ie , immediately on takeover of the highway by irb , while that on nh8 would commence after the construction period of three years .
“there could be a knee - jerk reaction to the stock but there is no downside to the announcement , ” said a domestic brokerage analyst , asking not to be named as he is not authorized to speak to reporters . irb infra had a consolidated debt of
when irb infra went public in 2008 , dattatray and jayant mhaiskar got about 20 % in the company . irb was able to raise around rs 1 , 000 crore in what were the heydays for indian infrastructure companies . over the past four years , both have been offloading their stakes , and their share is now down to less than 2 % . over this period , virendra mhaiskar has been trying , quite unsuccessfully as it turns out , to dissociate from his brother . in repeated statements made to the media since 2009 , he has said that mep toll road is not a part of irb . but many still confuse the two entities . both , for instance , came under fire from raj thackeray ' s mns ( maharashtra navanirman sena ) in july this year , for not maintaining roads well , despite the toll collection being well above all estimates . mns workers had blockaded roads being tolled by both brothers . bankers lending to infra companies say they too were confused about the two in the initial period after the separation . differentiation between the two is now marked , and lenders have different risk perceptions of the two groups , they say .
after the transfer of six projects to irb invit , the company has substantially reduced its debt - to - equity to 1 . 8 : 1 as against 3 : 1 before the launch of invit . this would lead to up gradation of credit rating for the mumbai based developer .
there was extensive media coverage and industry news reports that road projects were being bid very aggressively , with developers offering high premiums to nhai . it was more pronounced for this project as irb bid a premium of rs3 . 09bn payable to nhai from the first year of the concession period against
irb saw a brief cooling period after the shiv sena - bjp government was voted out but it ricocheted back into the mainstream after gadkari was appointed advisor of the prime minister’s rural road development plan . the company then bagged major contracts not only in maharashtra but in bjp - ruled gujarat .
the invit trust for irb constitutes six operational road assets valued at rs 5 , 920 crore . the trust has 100 per cent ownership of these six completed toll - roads assets aggregating to approx . 4000 lane kms across the states of maharashtra , gujarat , rajasthan , karnataka and tamil nadu .
the two forms of invits that have been allowed are : one , in which investments are made in completed and revenue generation infrastructure projects through the route of public offer of its units and the other type has the flexibility to invest in completed or under - construction projects and take the route of private placement of units . it is mandatory for both the categories to be listed on the stock exchange .
meanwhile , irb infra has posted a 17 . 11 per cent growth in consolidated net for the march quarter at rs . 120 . 35 crore , mainly on the back of rise in toll collection and construction revenue . total income was rs . 848 crore , up 10 . 56 per cent .
is one of the largest build , operate and transfer ( bot ) toll road operators in india , with 16 bot projects in the country and 6 , 722 lane kilometres under its belt . bajaj consultants has been actively involved in providing financial advisory for the past 25 years in india with a focus on infrastructure and has arranged debt in excess of rs100bn in the past three years for large infra groups .
4 – liquidity crunch in domestic credit market and industry outlook : reserve bank of india had adopted a hawkish stance on inflation and had been using prudent monetary policy tools to tighten the liquidity in the market . this had caused the banks to become selective in clearing proposals for loans . moreover , the banks were becoming increasingly cautious on lending to the infrastructure sector on account of rising npas and news of aggressive bidding in roads .
reliance infrastructure in partnership with dogus construction of turkey , larsen and toubro ( l & t ) , il & fs engineering and construction company , and jaiprakash power ventures have filed bids for the rs 10 , 000 - crore ( rs 100 billion ) zojila tunnel project in jammu and kashmir that would provide all - weather connectivity between srinagar and leh - ladakh , currently cut off for almost half the year due to snow .
pawar ' s latest assets declaration shows that the ncp president and his wife pratibha no longer hold shares in irb which is under investigation by the cbi in connection with the murder of rti activist satish shetty in january 2010 . firstpost , in an exclusive report on 9 may , had pointed out to the 2 , 000 shares held by the pawar couple in this firm which has had a meteoric rise in barely 13 years . irb was in the headlines four months ago after the cbi secured magisterial permission to conduct a polygraph test on the company ' s chairman and managing director virendra mhaiskar and nine others in connection with the shetty murder .
moreover , irb’s total income and ebitda is expected to remain at present level while profit after tax ( pat ) and net worth would improve by savings on the cost of debt and steady income from the invit . other income includes profit of rs 23 . 1 crore on account of transfer of the six bot assets to invit .
the zoji la project had landed in a controversy as soon as it was awarded , with congress leader digvijaya singh alleging that the promoters of irb were close to union roads minister nitin gadkari . singh wrote to the prime minister and approached central vigilance commission seeking a federal investigation into the matter . gadkari has rejected all charges as false .
speaking to forbes india , he says , ` ` i cannot change my surname . i have tried every other way of explaining that the two entities are unrelated . ’’ but shaking off the allegations will not be easy . for all his protestations , virendra cannot deny that ideal road builders , the entity incorporated by dattatray mhaiskar in 1977 is a part of irb infrastructure’s history . also , both brothers and their father are directors in many of the subsidiary companies ( mostly special purpose vehicles formed for individual road projects ) formed before the separation . in the ambani’s case , the scheme of separation between the brothers was approved by the bombay high court . the changes in company shareholding patterns , as a result of the demerger were formalized legally . this never happened in the mhaiskar family re - organisation .
“since doubts are now being raised about the tendering process and there are allegations of a quid pro quo between irb and gadkari , the cm should set up a special investigation team to probe the charges , ” said the bureaucrat . “since we are in process of probing the irrigation scam , we should probe the public works scam too . ”
panchshil hotels , established by pawar ' s college friend and sugar trader ishwardas chordia and his brother kantilal in 1978 , is part of the panchshil realty group , which is among the firms in maharashtra that have shown astounding growth . led by ishwardas ' s son , atul , this firm was at the centre of a raging controversy in april 2011 when the leader of opposition in the maharashtra assembly , eknath khadse alleged links between pawar and db realty ' s managing director shahid balwa and his partner vinod goenka , both arrested in connection with the 2g spectrum scam . records with the registrar of companies ( roc ) showed that in 2010 , db realty ' s eon aviation pvt ltd shared the same address ( 31 / a , ground floor , dr . gopalrao deshmukh marg , pedder road , mumbai ) with panchshil hotels pvt . ltd . and other sister concerns such as eon kharadi infrastructure pvt . ltd and eon hadapsar infrastructure pvt ltd .
the 6th epc world awards in association with pricewaterhousecoopers and zee business happened on 18th january , 2017 at the ashok hotel , new delhi . the awards were supported by national and international industry associations : bai ( builders association of india ) , vdma ( verband deutscher maschinen – und anlagenbau – german engineering federation ) , insdag ( institute for steel development and growth ) and acce ( association of consulting civil engineers ) . the epc world awards recognize and award industry projects and infrastructure companies and academia for outstanding contribution to the sector .
overcoming the barriers and apprehensions , the team at bajaj consultants was successful in getting sanctions for the ecb - rtl facility from icici bank , union bank , punjab national bank and indian overseas bank . further , the rupee term loan was structured across 18 years . this was a first for most of the lenders as term loans to road projects are typically structured over 15–16 years . final commitments from lenders were to the tune of rs50bn as against the proposed borrowing of rs33bn . such oversubscription and demand is a rare sight in infrastructure projects .
in the quarter ended june 30 , irb registered 21 per cent growth in total income to ₹1 , 870 crore as against ₹1 , 548 crore in the same period of the previous fiscal , while its net profit increased 31 per cent to ₹238 crore from ₹182 crore a year ago . the company’s board declared interim dividend of ₹2 . 50 an equity share of face value ₹10 each for fy17 .
irb’s order book stood at around ₹8 , 900 crore at the end of the first quarter . “there are five projects that are currently being implemented and three projects will start in september - october , ” hoshing said . “i expect two - three more projects to be completed by the end of this year , and these three projects that are starting will also start generating revenue from day one . ”
“the information on the progress of irb is not confidential ; it is available on its website . the company claims to have constructed 1000 km of road and completed projects worth rs 3 , 100 crore on a build , operate and transfer basis in maharashtra , gujarat and ap , ” the bureaucrat said . toi received no reply to the comprehensive questionnaire it sent mhaiskar but his office forwarded a statement he had sent to
the consortium was finalised and the project debt was closed among eight lenders . typically for such a large syndicated debt for infrastructure projects , the number of lenders generally varies from 12 to 20 . considering the consortium of eight lenders for debt that included rupee as well as ecb facilities , the documentation was multi - faceted and complex . with the concurrence of the lenders and nhai , financial close was achieved in february 2012 , which marked the successful completion of the largest debt tie - up for a toll - based project in the highway sector in india so far .
while irb’s ability to raise funds for the debt was unquestionable , there seemed to be concerns on the project due to the high premium payable to nhai resulting in negative cashflows in the initial six years of the project . the cash shortfall in the initial six years of operation after construction , which was estimated at rs6bn was proposed to be funded by the promoter funding over and above the sponsor contribution of rs15 . 8bn .
irb’s performance for the first quarter of 2017 has been strong and robust . outperforming the estimates , the company clocked growth for sales , operating margin and profit after tax at 30 per cent , 16 . 3 per cent and 10 . 9 per cent , respectively . the decline in interest and depreciation of 13 and 17 . 7 per cent , respectively led to growth of 58 . 1 per cent year on year profit before tax ( pbt ) .
from past experience on the mumbai pune project of irb , which has a similar concession , it has been an established that the tendency of users to shift when offered a better facility is low . in the case of the mumbai pune expressway , even though the toll rates on expressway ( six - laned ) are higher than that of nh4 ( four - laned ) by around 60 % , the users still prefer the expressway , which is a better facility .
the mhaiskar ' s family saga came in for public scrutiny when anti - corruption activist arvind kejriwal cast the first stone at gadkari - and his links with the family . the story was followed up by the media digging up details of gadkari’s business through a dozen shell companies , many with fake addresses . kejriwal says mhaiskar senior ' s loans to purti power are in return for favors made to the group when gadkari was minister for roads in the bjp government in maharashtra in 1995 . each such story in the media has been followed by letters from virendra mhaiskar to the stock exchanges , denying any links between the lending and his company irb infra . virendra is in effect saying that his dad has lent money as an individual . but , dattatray is a non - executive director on irb infra ' s board and it is no surprise that virendra’s protests about the company not being involved , are being ignored by all concerned .
senior bureaucrats say the growth trajectory of irb has an unmistakable parallel with gadkari’s own career . the company , which had constructed only 10 km of road in six years , went from sluggish to superfast after gadkari took over as the public works minister in 1995 . during gadkari’s four - year ministership from 1995 to ’99 , it bagged the prestigious contract for the maintenance of the mumbai - pune expressway as well as key contracts for the construction of new roads , either from the
“a successful invit listing for irb opens up the window for other road developers to exit completed projects and churn their equity / deleverage balance sheet and would also spur interest from the nhai ( national highways authority of india ) to award more bot projects vs . epc ( engineering , procurement , and construction ) / ham ( hybrid annuity model ) as bidding interest would be higher since developers would now have an exit option , ” emkay global financial services ltd said in a 24 april report .
build - operate - transfer ( bot ) , as a means of applying private capital to infrastructure development , has gained more and more attention from the governments . the main reasons for this are as follows : first , the governments try to tap the activity and creativeness of the private sectors by means of bot , improve efficiency and productive forces by interest drive and settle the ubiquitous problems of the inefficiency in the operation of infrastructure ; second , the governments attempt to solve the problem of the capital shortage by means of bot in the case of financial deterioration and the weakening of investment ability ; last , public works and public facilities could be shifted to the track of private - ownership by means of bot . this paper makes a critical assessment of the bot concept with major focus on identifying possible issues that need special consideration and attention in the course of adopting the bot model in tanzania . in addition , an assessment of the current status of affairs with respect to environment conducive for bot project is made . this paper is based on a questionnaire survey of key technical officials in the government . the paper concludes that the bot model could be used as a mechanism to provide opportunity to finance infrastructure projects . however , the paper suggests some necessary preparatory measures . firstly , bot legal and regulatory framework has to be put in place with the intention to protect and guide investors , the government and users tailored for bot projects from start to finish . such policy should incorporate probable solutions that will address most of the issues that have been identified in this paper . secondly , for successful implementation of the bot strategy , a credible and efficient administrative framework has to be ensured . it may require set up of an institution to handle the bot projects . thirdly , creation of awareness among all stakeholders is an important preparatory measure . seminars , campaigns , and other deliberate efforts to educate the public on the bot concepts and their effects are extremely crucial for smooth adoption among the public at large . fourthly , long and short - term training , study tours , and on - job training of personnel tailored to handle bot projects are
mhaiskar senior ( dattatray ) , a director of global safety vision , lent rs 164 crore to gadkari’s firm purti power and sugar limited . he says the money was from his personal savings . he told the times of india on tuesday that the ` savings ' came from selling shares in irb infra , a listed company controlled by his older son virendra in which he held a stake . the brothers , who could not get along with each other , had separated in 2008 and now operate in overlapping businesses through separate companies .
in april 2011 , irb bagged the first ultra mega project in india . this envisages the six - laning of the ahmedabad to vadodara section of nh8 from km6 . 4 to km108 . 7 and the improvement of the existing ahmedabad vadodara expressway ( ne1 ) from km0 . 00 to km93 . 302 in the state of gujarat under nhdp phase v on a design , build , finance , operate and toll basis . this toll road forms a part of the golden quadrilateral ( gq ) project of the national highway authorities india ( nhai ) .
among all the projects awarded in the infrastructure business over the past decade , road contracts awarded through open bids have probably been the most transparent . most projects , bid out by the nhai and the states on a public - private partnership model , have been won after fierce contests among the developers . yet , in public minds the stigma of political patronage being a factor that influences awards has remained . analysts tracking the sector , say they factor in ` linkages’ between the entrepreneurs and politicians . but simply having the connections is not enough , over the years , they have indeed learnt to focus on those who deliver in terms of project implementation and returns . the gadkari story brings the spotlight back on how deeply flawed the system still is .
for the quarter ended in june , irb’s consolidated gross debt stands at rs 13 , 470 crore and net debt is rs 11 , 170 crore . despite the additional funding net debt - to - equity ratio reduced to 2 . 1 : 1 as compared to 2 . 87 : 1 in the end of fiscal 2017 . the growth of 30 . 8 per cent on year on year basis in apat is led by higher tax provision on the expiry of benefits provided under the section 80 - ia of the income tax and the losses in bot .


oricon inc. ( 株式会社オリコン kabushiki-gaisha orikon ) , established in 1999 , is the holding company at the head of a japanese corporate group that supplies statistics and information on music and the music industry in japan .

it started as original confidence inc. ( 株式会社オリジナルコンフィデンス kabushiki-gaisha orijinaru konfidensu ) , which was founded by sōkō koike in november 1967 and became known for its music charts .

oricon inc. was originally set up as a subsidiary of original confidence and took over the latter ’s oricon record charts in april 2002 .

the charts are compiled from data drawn from some 39,700 retail outlets ( as of april 2011 ) and provide sales rankings of music cds , dvds , electronic games , and other entertainment products based on weekly tabulations .

results are announced every tuesday and published in oricon style by subsidiary oricon entertainment inc . the group also lists panel survey-based popularity ratings for television commercials on its official website .

oricon

oricon enterprises limited , oricon , oricon property & developers , united shippers ltd , oriental containers ltd , shinrai toyota , petrochemicals , parijat enterprises .
oricon decimation is a level 55 daily mission . it is obtained on oricon by leaving the dread executioners camp .
oricon enterprises ltd . stock price , share price , live bse / nse , oricon enterprises ltd . bids offers . buy / sell oricon enterprises ltd . news & tips , & f & o ; quotes
oricon ent closes below 30 - day moving average of 55 . 07 today .
oricon ent closes below 50 - day moving average of 56 . 58 today .
oricon ent closes above 50 - day moving average of 56 . 75 today .
oricon ent closes below 50 - day moving average of 57 . 64 today .
oricon ent closes above 150 - day moving average of 60 . 44 today .
oricon ent closes above 50 - day , 200 - day moving average today .
oricon ent closes above 30 - day moving average of 55 . 70 today .
oricon ent closes above 150 - day moving average of 61 . 04 today .
oricon ent closes below 150 - day moving average of 61 . 00 today .
oricon ent closes below 50 - day moving average of 62 . 02 today .
oricon ent closes above 30 - day moving average of 63 . 99 today .
oricon ent closes above 50 - day , 150 - day moving average today .
oricon ent closes above 200 - day moving average of 59 . 72 today .
oricon ent closes below 200 - day moving average of 59 . 73 today .
oricon ent closes above 200 - day moving average of 59 . 74 today .
urltoken is an official sales data provider to the music sales charts reported by oricon inc . the fulfilled sale quantities of all japan version cd , dvd , and blu - ray music products at urltoken are reported to oricon on a weekly basis . however , according to oricon policy , only orders that are shipped to japan are reflected in the oricon music charts . sales of japan version music products that are shipped outside japan will not be reflected in the oricon charts . these sales data are confidential and will not be available to the public . please visit oricon ' s official website ( japanese only ) to find out more about oricon chart rankings and oricon ' s partner shops .
ranking and sales of tahiti 80 ' s albums in the oricon charts - japan .
ikon was able to snag first place on oricon ' s weekly album chart for the week of august 28 . on august 22 , oricon released their weekly album chart rank…
oricon was a moon in the outer rim territories just outside the seat of the empire .
the company history page lists out the major events in chronological order for oricon enterprises ltd .
snsd tops oricon daily chart with “mr . taxi” | tudimistworld live : kpop lifestyle of tudimist
bts is the only foreign artist to be in the top 10 on japan ' s oricon chart for the first half of 2017 . on july 14 , oricon style reported the first half…
oricon group is a construction development business , based in melbourne australia . as a highly diverse and recognised organisation in the industry , oricon group seek to ensure they provide consumers with exceptional and profitable developments .
urltoken is an oricon chart partner shop . see details urltoken is a hanteo chart family shop . see details
get to know the oricon enterprises share price history through the dynamic levels - support and resistance levels ladder . this ladder ( patent applied ) is a comprehensive depiction of oricon enterprises share price history including major weekly and monthly support and resistance levels of oricon enterprises along with volume , sector , live price and much more . if you scroll down the ladder , you get the oricon enterprises share price history of last 15 years .
tvxq has set a new record on japan ' s oricon chart . on october 31 , japan ' s oricon stated ,
tvxq ' s new album ' fine collection ~ begin again ~ ' has sold mor…
monsta x and f . t . island are in the top 3 on oricon ' s daily singles chart
ugaya said he has been unfairly targeted as oricon has not sued the magazine or its publisher , infobahn inc .
get to know the bse oricon enterprises share price history through the dynamic levels - support and resistance levels ladder . this ladder ( patent applied ) is a comprehensive depiction of bse oricon enterprises share price history including major weekly and monthly support and resistance levels of bse oricon enterprises along with volume , sector , live price and much more . if you scroll down the ladder , you get the bse oricon enterprises share price history of last 15 years .
oricon enterprises disclosures under reg . 13 ( 4a ) of sebi ( prohibition of insider trading ) regulations , 1992
• note : as before , i’m using the oricon v1wk1 here , not the soundscan that we’re otherwise using .
ranking and sales of blood , sweat and tears band ' s albums and single in the oricon charts - japan .
see mid - year per - volume and per - series total charts from oricon for the previous ranking in june .
acquired in 1968 , oricon enterprises ltd . formerly known as oriental containers ltd . was mainly into packaging , real estate and petrochemicals . oricon enterprises , the flagship company of parijat enterprises is currently in real estate , marine logistics , packaging and petrochemicals .
oricon enterprises > > shareholding pattern - public and holding more than 1 % of the total no . of shares - september 2017
oricon said the suit has been filed to protect its name and it is not interested in financial gain . oricon president ko koike said in a statement released in december that ugaya had no grounds on which to make the allegations of padding and bad statistical methodology .
on august 31 they took out number one on the japanese oricon daily dvd charts for their live dvd , bts memories of 2016 .
oricon group have completed many developments throughout the state of victoria . most of these developments are in the north and west areas of melbourne .
japanese music industry standard popularity chart oricon revealed the most popular k - pop songs in japanese karaoke this past year . the list takes into…
they don ' t cover all the same stores , so they each miss a bit , with oricon missing more now that soundscan changed to include gimmick sales .
late last year , oricon inc . sued hiro ugaya for 50 million yen in damages and demanded an apology for telling business and culture magazine cyzo that oricon had padded the sales numbers for some artists , used questionable methodology to compile its music hits chart and favored artists from the powerful johnny ' s & associates talent agency .
oricon spokesman teruaki hitaka said the company began putting the process it uses to compile statistics in its magazine original confidence in 2003 and on its web site in 2004 .
oricon group offer a diverse range of properties across the state of victoria . with a domestic building registration , our experience spans across a wide range of building types .
oricon enterprises ltd . , incorporated in the year 1968 , is a small cap company ( having a market cap of rs 647 . 82 crore ) operating in packaging sector .
snsd’s 3rd japanese single , “mr . taxi / run devil run” has topped oricon daily chart after spending the last two days in second place after korean actor and singer jang geunsuk .
bts is taking over japanese music charts with ' love yourself : her ' . on japan ' s oricon daily album chart , the boy group managed to place 2nd with their …
2pm is killing it over in japan with their fifth and latest japanese album ' galaxy of 2pm . ' according to a report released on may 3 by oricon style , ' …
during the galactic war , the dread masters ' rebellion against the empire was brought to end in the dread war on oricon , where the remaining dread masters were slain within their fortress .
the group also took out the highest ranking non - japanese artist on the oricon charts for the first half of this year . so they ' re obviously a huge hit in japan !
various k - pop idols continue to dominate music charts in japan as monsta x and band f . t . island placed 2nd and 3rd , respectively , on oricon ' s daily si…
twice has hit # 2 on japan ' s oricon daily album chart ! the girls have finally released their long - awaited japanese debut album ' # twice ' . they seem to be…
not talking about the idol controversy with fans bulk buying copies of the same album , i ' m talking about what oricon has been like since its inception . was it the 90s that nielsen soundscan starting collecting sales data for the japanese market ? how much of the market did / do they cover ? and how do the soundscan and oricon sales for the same albums compare ?
tadashi ibi , cyzo’s editor in chief , said the one - page article drew attention to disparities between oricon rankings and those of other hit lists , but “raised questions without providing conclusions . ”
oricon enterprises ltd . 1076 , dr . e . moses road worli mumbai , maharashtra 400018 phone : + 91 . 22 . 24964656 fax : + 91 . 22 . 24963055 web : urltoken
bts ' japenese single
mic drop / dna / crystal snow
continues to top the oricon daily singles chart . for three days in a row , the group has stayed on the …
vixx sits on top of oricon japan ' s ' daily album ' chart for september 26 . after the first day of sales , their 2nd japanese studio album ' rarara - ai wo …
even so , it’s a positive first step for oricon in returning meaning to their rankings and , for music fans , a little more variety would at least make the charts less , y’know , embarrassing .
the lawsuit has drawn attention on internet bulletin boards in part because ugaya , who has also criticized oricon in his own writing , was only quoted in the april 2006 cyzo article and was not the author .
, which was released last june , has just received the title of being the first album by a korean artist to stay within the top 10 chart numbers on the oricon charts for 17 consecutive weeks .
the company was incorporated as a private limited company on 7th december , 1968 and was converted into a public limited company in march , 1970 . it was promoted by somani group . it manufactures lethographic metal containers , pilfer proof closures and aluminium collapsible tubes and carries on business in leasing and hire purchase . operations commenced with the manufacture of lithographic metal containers and subsequently facilities were set up for the manufacture of pilfer proof ( pp ) closures . in a major diversification in 1983 , a plant was set up in thane district for the manufacture of 25 million numbers per annum of aluminium collapsible tubes . during 1989 - 90 , trial runs were undertaken for ` aluseal ' . 2008 - oricon enterprises ltd has appointed mr . karthik athreya as director of the company . 2009 - oricon diversifies into shipping logistics - oricon enterprises has recommended dividend @ 10 % 2010 - oricon enterprises has set up and commissioned latest ' state of the art ' plant for manufacturing liquid colourants . 2011 - oricon enterprises has recommended dividend @ 18 % - company has splits its face value of shares from rs 10 to rs 2 2012 - oricon enterprises recommended dividend @ 22 % 2013 - board recommended a dividend @ 22 % i . e . rs . 0 . 44 per equity share , on 10 , 25 , 47 , 715 equity shares of rs . 2 / - each . 2014 - board recommended a dividend @ 9 . 5 % i . e . rs . 0 . 19 per equity share , on 10 , 25 , 47 , 715 equity shares of rs . 2 / - each . 2015 - oricon properties gets nod for redevelopment of plots 2016 - oricon enters into a jda with subsidiary of indiabulls real estate ltd
but the bigger issue would be digital since a lot of people who look at the oricon charts without checking digital think that an act like nmb48 is bigger than an act like nishino kana when everyone knows this isn ' t true .
wooyoung ' s solo japanese album has topped oricon japan ' s ' daily album ' chart ! the idol star ' s ' mada boku wa . . . ' ( ' still i am . . . ' ) album topped the…
during the era of the reconstituted sith empire , the sith emperor tasked six sith lords — bestia , tyrans , brontes , styrak , calphayus , and raptus —with studying the powerful phobis devices , and sent them to oricon to do so . when they emerged from their research as the mysterious and powerful dread masters , they declared their intention to make oricon their home , and with the emperor ' s blessing , they used thousands of slaves to construct the dread fortress as their citadel .
i’m rather curious what 94 , 609 金田一少年の事件簿ｒ is all about . it didn’t rank , and oricon only lists two discs from the series as coming out in 2015 anyway ( two boxsets that sold basically nothing ) . nothing else is in the extended rankings , so they must not be counted as anime . i can’t find anything else on oricon even related to the franchise . the old volumes ( which aren’t even s2 ) were from 2002 . this… really seems like a huge mistake ?
most people would probably expect these records to belong to kara , but that ' s not the case . their sole no . 1 album on oricon is 2011 ' s super girl , which has sold about 778 , 000 copies all up .
according to the results on march 9 , b2st ' s new album ' guess who ? ' sold total of 22 , 316 on the day of release . this led the team to hit # 2 on ' oricon daily album ' chart .
we’ve come across a set of oricon charts that compiles the sales numbers for the oricon year so far ( it started in early december ) . think of these as a first trimester chart . the top album so far this year is sandaime j soul brothers’ “planet seven” , with 782 , 594 copies sold . the top single so far this year is akb48’s “green flash” , with 1 , 031 , 799 copies sold . check out the rest of the top 50 in each category after the jump !
girls ' generation has done it again ! the group ' s third japanese album , love & peace , just debuted at no . 1 on japan ' s oricon chart , shifting 129 , 255 copies in its first week . not only is the total higher than what their last j - pop album sold ( an amazing feat considering hallyu has died down in japan over the past two years ) , but they ' re now the first korean girl group to ever top the oricon weekly chart twice .
at the same time , otaku have turned the charts into little more than a stage for the ostentatious , preening displays of their own collective idolatry , and oricon clearly has to do something if it wants to claw back the shredded remains of its dignity .
chart company oricon , an organization that guards its integrity with litigious vigor , eventually noticed that hardly any of the cards purchased were actually being downloaded and removed them from its rankings . ske48’s “coquettish juutai chuu” will be the last idol release under the current system .
following the release of the japanese version of
blood , sweat , & tears
last week , bts have managed to hit no . 1 on japan ' s oricon weekly chart by selling a whopping 238 , 795 copies of their new single . not only is this another chart - topping japanese single for bts , this also means that bts are now the fastest foreign group to hit over 200 , 000 album sales on the oricon weekly chart as they ' ve only debuted in japan less than 3 years ago .
oricon enterprises ltd . , the flagship company of parijat enterprises has interests in real estate , marine logistics , packaging and petrochemicals . as per consolidated audited results of 2016 - 17 , the total revenues were 1216 . 73 crores and pat of 35 . 28 crores .
ugaya ' s backers call oricon ' s tactic of targeting an individual journalist just one in a series of libel cases filed in recent years in response to news articles - - lawsuits they say pose a threat to media organizations and freedom of expression by discouraging aggressive reporting .
lawyer kentaro shirosaki said oricon was not necessarily out of line for suing to protect its public image , but would have been better off trying to negotiate out of court , such as by asking the publisher for a correction , particularly since ugaya had not written the article .
oricon enterprises was incorporated as a private limited company on december 7 , 1968 and was converted into a public limited company in march 1970 . it was earlier known as oriental containers , it got its present name on may 3 , 2006 . the company is part of the parijat group .
b2st has already hit # 1 on oricon chart with their single in the past . they also successfully held a tour in 8 regions with about 30 , 000 fans in japan . the current controversy on its member hyunseung seems to have little to no impact on b2st ' s ongoing success overseas .
i think make the tactical / sm / hm dynamic consistent in the fps . . . find a happy medium for open world , balanced around the current op companion level . . . and call it a day . basically an overland experience akin to oricon or sor . i never heard anyone say that was difficult at all .
i tried looking at past charts on oricon but they only show the sales for the top 30 . i ' m guessing karma did not reach the top 30 by the second week so i can ' t see how much it sold . so i don ' t know how much it sold the other weeks , sorry . : (
the article at the center of the case , “the lies behind the hits / does johnny’s get super - vip treatment ? ! / the honeymoon between the talent agency and oricon , ” run on a full page under the byline “editorial department , ” relies heavily on two long quotes attributed to ugaya , with only a brief introduction and conclusion .
pursuant to the requirements of regulation 44 ( 3 ) of the sebi ( listing obligations and disclosure requirement ) regulations , 2015 , we enclose herewith the details of : 1 ) combined voting results of the business transacted at the national company law tribunal ( nclt ) convened meeting of the shareholders of oricon enterprises limited ( the company ) held on saturday , august 19 , 2017 .
at oricon group we offer several types of buildings , bringing together extensive resources to deliver unique residential and commercial properties . with a domestic building registration , we ensure all our work abide by the laws and regulations of the state , to produce a smooth development for all parties involved . our staff have remarkable industry knowledge that allows us to tailor properties to our customers’ needs and demands .
i think make the tactical / sm / hm dynamic consistent in the fps . . . find a happy medium for open world , balanced around the current op companion level . . . and call it a day . basically an overland experience akin to oricon or sor . i never heard anyone say that was difficult at all . i think it is that last bit that gets me tbh . if we want to logically justify a change like we see now you need a reason . if oricon or sor was some difficult grind fest i would say
okay they had a reason , they just over did it .
these weren ' t difficult at all though , at least based on forum chatter . so why not just use the old axiom
if it ' s not broke , don ' t fix it ?
engages in the manufacturing of pentanes and liquid colorants and develops real estate business oricon enterprises ltd . engages in the manufacturing of pentanes , liquid colorants , pet bottles , and coal briquettes . it operates through following business segments : petrochemicals , trading , automobiles , packaging , shipping and related logistics , liquid colourants , and others . the company was founded on december 7 , 1968 and is headquartered in mumbai , india .
urltoken it ' s not really the number of sales , but on this page you will find the number of times and how place in the oricon ranking album , single and dvd of mucc were . the first number is red instead of cd / dvd in the ranking and the second in red as the number of times . ( for exemple : gokusai was 22th ( 位 ) 6 times ( 回 ) )
• note : as before , oricon isn’t separating the original from egypt - hen . so that 14k gap is a mix of s1 , s2 , and presumably the live event ( else it’d be an 18k gap ! ) . i have no idea what to do with that , because a good chunk of that should be sc s1 . i have to leave the average the same , which is a shame given how many discs are unaccounted for .
according to the latest oricon report , all three editions of the blu - ray ranked in the top 10 for two consecutive weeks , and this is the first time for an anime disc ( only tron : legacy and pirates of the caribbean : on stranger tides did in the past ) . meanwhile , the dvd kept its no . 1 position in the overall sales chart . the total sales number of the discs in two weeks now reaches 715 , 000 units .
i think it is that last bit that gets me tbh . if we want to logically justify a change like we see now you need a reason . if oricon or sor was some difficult grind fest i would say
okay they had a reason , they just over did it .
these weren ' t difficult at all though , at least based on forum chatter . so why not just use the old axiom
if it ' s not broke , don ' t fix it ?
the event bd increased from 18 , 579 in wk3 to 19 , 382 in the yearlies ( 4 % ) . if the dvd is proportional that’d be 16 , 972 . that only accounts for about 650 of the missing 4 , 720 though . so the rest is a mix of live event sub - 300 ranking and s2 sub - 300 ranking and there’s no way to determine which goes to which . have i mentioned that i hate how oricon includes live event discs in these numbers ? bah .
removing music cards from the rankings probably won’t have a great deal of effect , since it does nothing to deal with the bigger — and more difficult to regulate — issue of fans making multiple cd purchases in return for tickets to meet or vote for their favorite members . even if it did , it would take a braver man than i to claim there’s a wealth of brilliant mainstream j - pop crowding around the gates if only oricon would let it in ( ikimono - gakari ? wait , akb48 — i forgive you ! )
and japan doesn’t just remain impervious to foreign artists ; as the second largest global music market , japan has no need or desire to export its own artists to the rest of the world . week after week , the oricon charts ( japan’s equivalent to billboard ) are almost completely populated by artists who are almost completely unknown in other countries . americans can purchase everything from tamil film songs to chinese pop to south african rap on itunes , but not the latest smap single . we have to order that on cd , directly from japan .
oricon enterprises ltd . key products / revenue segments include petrochemical products which contributed rs 26 . 49 crore to sales value ( 68 . 85 % of total sales ) , chemicals which contributed rs 8 . 63 crore to sales value ( 22 . 44 % of total sales ) , colourants liquid which contributed rs 2 . 93 crore to sales value ( 7 . 61 % of total sales ) , others which contributed rs . 41 crore to sales value ( 1 . 07 % of total sales ) for the year ending 31 - mar - 2017 .
that creates an issue with over all balance and griefing however . think oricon . there you are with however many people chasing the same quest mobs , the same escape pods , terraformers etc . you are doing it the
hard way
while someone else comes blasting past you with jesus bot and there you are left to wait for respawns . heck if you really look at it the new companions are gsi bot . they tank , dps and heal and omg are they op as heck . . . even at low levels . i can almost sleep through stuff now with where i have lana on my main in terms of her appreciation .
2am 2ne1 2pm 4minute 5dolls after school a pink b1a4 beast bigbang boa brave girls brian joo brown eyed girls changmin chi - chi cn blue co - ed daesung dalmatian dal shabet f ( x ) ft island g . na girl ' s day goo hara infinite injury international iu jaejoong japan japan quake jay park jessica jyj kara kbs2 music bank krystal k will mblaq miss a mnet m ! countdown music video orange caramel oricon chart oversea park bom rain rainbow rania sbs inkigayo secret shinee sistar sm entertainment sm town snsd ss501 strong heart super junior super junior m t - ara teaser tvxq twitter u - kiss victoria wgm wheesung wonder girls x - 5 yangpa yg entertainment ze : a
oricon ent is in the packaging sector . the current market capitalisation stands at rs 647 . 82 crore . the company management includes s j taparia - chairman , rajendra somani - managing director , susheel g somani - director , s j parekh - director , surendra somani - director , sanjay dosi - director , vinod mimani - director , adarsh somani - joint managing director , b k toshniwal - director , v n khanna - director , k g gupta - director , n ganga ram - director , sujata parekh kumar - director . it is listed on the bse with a bse code of 513121 and the nse with an nse code of oriconent . its registered office is at no . 1076 , dr . e moses road , , worli , mumbai , maharashtra - 400018 . their registrars are bigshare services pvt . ltd .
that creates an issue with over all balance and griefing however . think oricon . there you are with however many people chasing the same quest mobs , the same escape pods , terraformers etc . you are doing it the
hard way
while someone else comes blasting past you with jesus bot and there you are left to wait for respawns . heck if you really look at it the new companions are gsi bot . they tank , dps and heal and omg are they op as heck . . . even at low levels . i can almost sleep through stuff now with where i have lana on my main in terms of her appreciation . to make matters worse we know there are the bored
kiddies
, heck some guilds full of bored kiddies , that would simply for kicks make your questing close to unbearable .
a freelance journalist who is being sued for defamation by the publisher of the top popular - music chart said wednesday the legal action is an attack on freedom of speech that has been ignored by the domestic press .
if this is not a violation of freedom of speech , what is it ?
ugaya asked reporters at the foreign correspondents ' press club in tokyo , before attacking the japanese media for brushing off his case . there were very few japanese reporters at the packed fccj event .
we just want mr . ugaya to admit that libelous statements without any factual basis were made and apologize for that ,
koike said in the statement .
if he does that , we will end this suit .
in some western countries , and laws and the some courts in europe and the united states protect people who are sued in this way . legal experts say japan has no similar safeguards .
ugaya claims he was quoted inaccurately and “very important” parts of his comments were omitted .
he said that after the interview , the magazine sent him a draft of his comments for review . he claimed he corrected errors and filled in omissions in the text , but the editor who interviewed him refused to make the changes because there wasn’t enough time and no more space on the page .
ibi said cyzo firmly supported ugaya . he said he was not directly involved in the article and added its author had left the magazine .
“if publishers don’t offer support , nobody will ever want to speak out in the future , ” ibi said . “this isn’t just about freelance reporters , either . ( publications ) gather quotes from people on the street , too . if everybody starts worrying about being sued for speaking their mind , we won’t be able to interview anybody . ”
“words should be met with words , ” shirosaki said . “when the talk turns so quickly to demands for financial reparations , big crushes small . individuals cower in the face of mighty organizations . . . . and i think the withering effect this has on journalism is undesirable . ”
death toll from west japan downpours and flooding reaches 126 the death toll from torrential rains in western japan reached 126 on monday , and 86 people were still missing after massive flooding and landslides destroyed homes and displaced tens of thousands o . . .
abe cancels trip to europe and middle east to deal with rain disaster prime minister shinzo abe on monday canceled a trip to europe and the middle east , deciding instead to oversee the government ' s response to the devastation caused by torrential rain in western japa . . .
after deadly flooding , traumatized hiroshima wakes to blue skies , starts getting life back in order hiroshima residents awoke monday morning to sunny skies but a cloudy future following flooding and landslides that left at least 46 people in the prefecture dead . as the scale of the disaster ca . . .
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the company is located in the raigad district of maharashtra . the manufacturing unit has an installed capacity of 10 , 000 mtpa pentanes and other petrochemical products . the company hived off its packaging division to its subsidiary oriental containers with effect from may 1 , 2006 .
the registered office of the company is located at 1076 , dr e moses road , parijat house , worli , mumbai 400018 .
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bharat tin works building , 1st floor , opp . vasant oasis , andheri east mumbai - 400 059tel : + 91 21 626 38200fax : + 91 21 62638299 ( old address ) e - 2 & 3 , ansa industrial estate , saki vihar road , saki naka , andheri ( e ) , mumbai bharat tin works building 1st floor , opp . vasant oasis
in jayalalithaa ' s rk nagar , results tomorrow . but everyone knows who won
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are without a doubt one the most iconic girl groups in the music industry today . their immense success in not just k - pop , but in the j - pop industry have been yet again re - established by the group breaking yet another record .
' back in 2003 , which stayed on the charts for 16 consecutive weeks .
5 girl groups most likely to break through in the u . s . market
winner ' s song min ho is trending worldwide . on july 9th kst , dispatch published an article on one of the accounts that song min ho has been following c…
winner ' s song min ho unfollowed all accounts after the instagram controversy . on july 9 kst , media outlet dispatch stirred up a controversy …
the studio director involved in youtuber yang ye won ' s sexual harassment case has committed suicide . according to the namyangju police station on july …
twice has released their first summer single . the girls ' 2nd special album features three new songs including title song
dance the night away
,
shot …
krunk got fans excited for a possible yg x sm collaboration but later apologized for causing misunderstandings . on july 9 , the official mascot of…
flocks of netizens came to v ' s defense . on july 6 , various media footage of bts getting bombarded by fans at the incheon international airport stunne…
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their first time hitting no . 1 was with their 2011 self - titled debut , which has sold almost 900 , 000 copies to date and is currently the best - selling album from a korean girl group in japan .
the chart - topping success of girls ' generation ' s love & peace can be attributed a couple of things , such as weak competition this week and a handful of live fan events that considerably boosted their album sales by tens of thousands of copies . still , it ' s an amazing achievement that proves that the divine nine have been able to hold onto a good chunk of their japanese popularity despite the recent decline of k - pop in japan .
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congrats to the boys , we can ' t wait for their korean comeback , and new mini album love yourself : her on september 18 .
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orokin ciphers are a special resource which was used in the crafting of the key that unlocked the hidden messages quest . they are acquired by successfully opening vaults in orokin derelict missions – along with a random corrupted mod . five ciphers were required to craft the hidden messages key .
as of update 22 the hidden messages quest is automatically unlocked upon completing the required junction , even for those players which still had to craft the key as they had acquired the old quest blueprint from an earlier version of the game .
ciphers are a guaranteed reward if players successfully open a vault and deliver the orokin artifact to extraction . one cipher per player is rewarded per run .
, the the hidden messages quest was the only time orokin ciphers were used . after the update , orokin ciphers no longer have a function .
yeah , i run a decaying too , in fact , last night , rngesus smiled on me , as i ran a derelict exterminate and the vault inside was decaying , luckily . . . 2017 - 06 - 15t21 : 32 : 03z
anyone who pays any kind of attention to the music charts in japan knows that for many years now they’ve been a joke .
year - end charts are increasingly clogged up with mass idol collectives , sales buoyed by multiple purchases from “ otaku ” ( obsessive fans ) , encouraged by marketing gimmicks that tap into the most primal consumer instincts of the fanboy’s reptilian brain .
one gimmick that has caused controversy recently is the use of music cards with a download code for a particular release , usually made available at a much lower price than cds , and which permit multiple purchases of the same mp3 .
music cards are not in themselves necessarily a problem . however , when they are used as part of a broad array of different versions , often with bonuses for fans who obediently buy the full set , they can have a distorting effect on the apparent popularity of a song .
last month , japanese magazine cyzo had a lot of fun critiquing nagoya idol group ske48 for some of the most cynical exploitations of the music card system , such as including cards free with cds to instantly double sales , or releasing multiple versions featuring 64 different members’ faces .
the problem is that music purchases by idol fans aren’t really music purchases at all : they are a sort of abstract currency by which the fans make extravagant expressions of love for the group — the more you buy , the greater your love . they’re a completely different class of consumer from someone who simply buys a song in order to listen to it , and trying to force them to behave like traditional music fans misses the point .
of course , no one is stopping fans from continuing to pour their money into the idol - industrial complex’s insatiable maw . perhaps what it needs is just a way for them to display their obsession that is better suited to their consumption patterns .
my modest proposal : some sort of electronic device that fans can hold at concerts and squeeze as the excitement takes hold , pumping money directly from their bank accounts and credit cards into a swimming pool of cash on the roof of akb48 manager yasushi akimoto’s penthouse .
hikaru utada learns to accept heartbreak on ' hatsukoi ' it ' s the title that grabs you first . hikaru utada ' s seventh album makes a conspicuous nod to her 1999 debut , but the preternaturally mature teen of
first love
is now a twice - divorced mother with . . .
behind the ever - changing sound of wednesday campanella it ' s a sure bet that when wednesday campanella plays a festival lineup , frontwoman kom _ i will steal the show . she ' s brave , never hesitant to jump into a crowd and rap face - to - face with her fans . . . .
review : gorillaz at zepp divercity the most successful moments in gorillaz ' enviable five - studio - album career have always come as eclectic pairings with the greats of the music world . such collaborations have included bobby womac . . .
see also : [ interview ] a . c . e talk audition show experience , first impressions , dorm life without chan , and more !
fans in korea might have turned their backs , but the six members are still a beast in japan .
lee soo min apologized for lying and her vulgar language . recently , lee soo min got swept up in dating rumors with volleyball player lim sung jin . she…
jessi talked about her revealing swimsuit fashion . on july 9 , jessi guested on sbs power fm ' s ' choi hwa jung ' s power time ' and shared about her new son…
representatives from jtbc’s “let’s eat dinner together” announced on august 24 that the episode that onew recorded has been postponed .
they said , “we are discussing about what to do with han ye ri ’s recorded parts . ”
shinee’s onew and han ye ri appeared on “let’s eat dinner together” in order to promote their drama , “age of youth 2 . ” however , onew stepped down from the drama after his recent controversy .
if looking into the japanese music industry is like peering through a frosted glass shower door , attempting to crack johnny’s entertainment is like trying to see what’s inside a black hole . we bring a flashlight .
a young justin bieber fan searching the internet for live performances would probably be somewhat confused if she stumbled across the video of bieber performing “all around the world” and “boyfriend” on the long - running japanese television show , smap x smap . not only was bieber accompanied by five men in their very late 30s , but the camera spent as much time - - if not more - - on highlighting the older men on the stage as it did on the teen idol . as bieber sings , “all around the world” one of the men , dressed in a sharp lime green jacket , leans in to stand back to back with him .
the audio engineer pushes the sound up on inagaki goro , villain of takashi miike’s 13 assassins , and member of boy band smap as he finishes the line , “people want to be loved . ” the camera then switches to takuya kimura , who has ranked among the top ten most beautiful celebrities for the last 15 years . kimura gives a saucy wink . justin who ?
the boy band smap , on whose show beiber was appearing , debuted in 1991 , three years before bieber was even born . they released their 46th chart topping single in april 2012 . their variety show , smap x smap , which has the members doing comedic skits , chatting with special guests , showing off their cooking skills , and performing , has been on air since 1996 and consistently scores ratings in the 20 percent range - - numbers american television executives would kill for .
meanwhile bieber’s album , believe , which topped charts in the us , uk , australia , and all over europe , barely cracked the japanese top ten in its first week before disappearing without a trace . and just like that , bieber becomes the latest western artist to discover that japan has little use for imported pop stars .
while korean pop acts like shinee and big bang rack up millions of youtube views worldwide , smap have no official youtube channel . and none of the members have twitter accounts or blogs or instagram or facebook pages . in fact , smap’s only official web presence is a text - only japanese language page buried in the “artists” menu of their talent agency , johnny’s entertainment .
if looking into the japanese music industry is like peering through a frosted glass shower door , attempting to crack johnny’s entertainment is like trying to see what’s inside a black hole . the talent agency , which has been producing chart topping boy bands since 1962 , is the brainchild of johnny kitagawa ( 80 ) who still oversees operations . though it would be easy to draw a parallel between kitagawa and our own controversial boy band impresario lou pearlman , as both are dogged by child abuse allegations , even at the top of his game pearlman had nowhere near the amount of cultural clout that kitagawa does . advertisers , television channels , and magazine publishers will accede to kitagawa’s demands - - whether it’s refusing to book bands from rival agencies on vital promotional shows like music station or covering up scandals - - out of fear that he will cut off access to his entire empire of money - generating boy bands .