SOLVED
I’m hosting a small site for my team..
Software stack: Drupal 7 over XAMPP (Apache,php,mysql)
I was able to reach the site through http://hostname/portalname but not able to through ipaddress
http://ipaddress/portalname gives me Error Code 10060: Connection timeout
SOLUTION
IT was proxy issue.. Once my browser proxy was disabled, I was able to access the site through IP address..
IT was proxy issue.. Once my browser proxy was disabled, I was able to access the site through IP address..