IRB Infrastructure Developers Limited, along with IRB Infrastructure Trust (Private InvIT), has reported a robust 19% year-on-year growth in toll collection for December 2024. The total toll collection for the month stood at ₹580 crore, up from ₹488 crore in December 2023.
Key Highlights:
- Monthly Toll Collection:
- ₹580 crore in December 2024, compared to ₹488 crore in December 2023.
- Significant growth attributed to increased vehicular traffic across the network.
- Project-Specific Contributions:
- Mumbai-Pune Expressway (IRB MP Expressway Pvt Limited): ₹163.4 crore, up from ₹158.4 crore.
- Hyderabad Outer Ring Road (IRB Golconda Expressway Private Limited): ₹71.3 crore, a notable rise from ₹62.7 crore.
- Newly operational projects, including Lalitpur Tollway and Kota Tollway, contributed to the overall increase.
- New Project Contributions:
- Projects like Samakhiyali Tollway Private Limited commenced toll collection on December 28, 2023.
- Tolling operations for projects like Lalitpur Tollway began on April 1, 2024.
Management Commentary:
Amitabh Murarka, Deputy CEO, expressed optimism about the upward trend, stating, “The robust GDP growth in India continues to drive vehicular traffic, leading to impressive toll revenue growth across our portfolio.”
About IRB Infrastructure:
IRB Infrastructure Developers is India’s leading private toll roads and highways developer with an asset base of approximately ₹80,000 crore. The company manages over 18,500 lane kilometers across 12 states, holding a 34% market share in the TOT segment.