IRB Infrastructure | Business Upturn

IRB Infrastructure secures Rs 3,087 crore tolling rights for TOT-18 project in Odisha

Business Desk — Wed, 01 Apr 2026 02:54:09 +0000

IRB Infrastructure Trust, through its project SPV IRB Chandibhadra Tollway Pvt. Ltd., has commenced toll collection on the Chandikhole-Bhadrak section of NH-16 in Odisha, starting from April 1, 2026. The tolling rights were secured following the payment of an upfront concession fee of ₹3,087 crore to the National Highways Authority of India (NHAI) after achieving financial closure for the TOT-18 project.

The project spans 74.5 kilometres from Chandikhole to Bhadrak and forms part of the Golden Quadrilateral Corridor, a critical link between India’s southern and eastern regions. The concession period for this project is revenue-linked and set for 20 years, with the operation and maintenance (O&M) order book rising by approximately ₹1,600 crore.

Virendra D. Mhaiskar, Chairman and Managing Director of IRB Group, expressed satisfaction with the strategic entry into Odisha, marking the group’s presence in 13 Indian states. He highlighted the corridor’s potential to enhance regional growth by supporting pilgrimage and tourism-linked traffic.

IRB Infrastructure Trust emerged as the highest bidder for the project, having signed the concession agreement with NHAI on February 4, 2026. The project is expected to strengthen IRB’s toll revenue growth significantly.

IRB Group, a leading toll road concessionaire in India, manages an asset portfolio of 28 highways, with approximately 17,500 operational lane kilometres across 13 states. The group holds a 44% market share in the awarded TOT space and contributes around 10% to national toll revenue.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

IRB Infrastructure shares jump over 2% after executing agreement for TOT-18 project

Aman Shukla — Wed, 25 Mar 2026 04:00:49 +0000

Shares of IRB Infrastructure Developers moved higher by over 2% after the company formally executed a Project Implementation Agreement (PIA) with IRB Chandibhadra Tollway Private Limited (IRBCTPL) for the TOT-18 project.

The agreement comes after shareholders approved material related party transactions through a postal ballot on March 23, 2026, as per the company’s regulatory disclosure.

IRBCTPL is a wholly owned special purpose vehicle (SPV) of the IRB Infrastructure Trust, which is an associate entity of IRB Infrastructure Developers. Under the terms of the agreement, the company will act as the Project Manager for IRBCTPL.

This role will be carried out in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, including subsequent amendments.

The execution of the agreement marks progress in the implementation of the TOT-18 project, with IRB Infrastructure Developers taking on a defined managerial responsibility in the project’s execution phase.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRB Infrastructure schedules investor meetings in the UK on March 18-19

Business Desk — Fri, 13 Mar 2026 12:31:35 +0000

IRB Infrastructure Developers has announced a series of one-on-one meetings with analysts and institutional investors in the United Kingdom on March 18 and 19, 2026. These meetings will be part of a non-deal roadshow organised by Elara Securities.

The company clarified that no unpublished price-sensitive information will be shared during these interactions. The schedule is subject to change due to potential exigencies involving the analysts, institutional investors, or the company itself.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

IRB Infrastructure shares jump over 2% as company report 16% rise in November toll revenue

Aman Shukla — Wed, 10 Dec 2025 03:53:06 +0000

IRB Infrastructure shares moved over 2% higher after the company, along with its sponsored Infrastructure Investment Trusts (IRB Infrastructure Trust and IRB InvIT Fund), reported a strong year-on-year increase in toll collections for November 2025. The combined toll revenue of the three entities touched ₹716 crore for the month, marking a significant rise from ₹618 crore recorded in November 2024.

The nearly 16% growth highlights sustained traffic momentum across IRB’s portfolio of highway assets and reinforces the company’s steady operational performance. Both the private and public InvITs contributed to the improved numbers, reflecting resilient infrastructure usage despite broader market fluctuations.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

IRB Infrastructure shares jump over 3% after its arm wins Rs 9,270 crore project from NHAI

Aman Shukla — Mon, 17 Nov 2025 04:09:49 +0000

IRB Infrastructure shares moved more than 3% higher after its InvIT arm secured a major ₹9,270 crore project award from the National Highways Authority of India. The IRB Infrastructure Trust, backed by IRB Infrastructure Developers Ltd., has received the Letter of Award for the TOT-17 bundle, one of the most valuable assets to come up under NHAI’s monetisation programme.

The project covers a long 366-kilometre stretch, including the Lucknow–Ayodhya–Gorakhpur section of NH-27 and a part of the Lucknow–Varanasi corridor on NH-731. The concession will run for twenty years under a revenue-linked model, making it a significant addition to the company’s toll-operate-transfer portfolio.

IRB highlighted that the corridor is becoming increasingly important because of the rising movement across religious and regional routes. Chairman and Managing Director Virendra D. Mhaiskar said the TOT-17 win strengthens the group’s leadership in the TOT space, where it already commands a forty-two percent market share. He added that the award shows the confidence investors continue to place in the national highway monetisation programme while supporting IRB’s broader plan to scale its asset base.

The company noted that the project involves tolling, operations and maintenance throughout the concession period. With this addition, IRB expects its overall toll revenue to increase meaningfully, while its consolidated asset base is projected to cross ₹90,000 crore. The order book for operations and maintenance is also expected to grow by nearly twenty percent on the back of this award.

The TOT-17 package marks a key step in NHAI’s ongoing monetisation strategy and adds a long-term, high-value asset to IRB Infrastructure Trust’s portfolio, further boosting sentiment around the stock.

IRB Infrastructure Trust bags NHAI’s Rs 9,270 crore TOT-17 project

Aman Shukla — Sat, 15 Nov 2025 04:01:20 +0000

IRB Infrastructure Trust, the Private InvIT backed by IRB Infrastructure Developers Ltd., has received the Letter of Award from the National Highways Authority of India for the TOT-17 bundle. The project covers 366 km across the Lucknow–Ayodhya–Gorakhpur stretch of NH-27 along with part of the Lucknow–Varanasi corridor on NH-731. The concession will operate on a revenue-linked model for a period of twenty years, making it one of the highest-value monetisation awards in this category.

The company noted that the corridor holds strategic importance due to the rising movement along key religious and regional routes. Chairman and Managing Director Virendra D. Mhaiskar said the TOT-17 win further consolidates the platform’s position in the toll-operate-transfer segment, where IRB now holds a forty-two percent market share. He added that the outcome reflects continued investor confidence in India’s national highway monetisation programme and supports the group’s progress toward expanding its asset portfolio.

According to the announcement, the project scope includes tolling and operations and maintenance over the full concession term. With the addition of TOT-17, the IRB Group expects a noticeable rise in overall toll revenue, while the consolidated asset base is projected to cross ₹90,000 crore. The operations and maintenance order book is also anticipated to grow by roughly twenty percent following the award.

The TOT-17 bundle, valued at ₹9,270 crore for the upfront consideration, marks another step in NHAI’s monetisation strategy and adds a significant long-term asset to IRB Infrastructure Trust’s portfolio.

Top stocks to watch today, September 9: Infosys, TVS Motor, Godrej Consumer, IRB Infrastructure, HUDCO and more

Aman Shukla — Tue, 09 Sep 2025 02:53:34 +0000

Indian stock markets are set for another action-packed trading session on Tuesday, September 9, with several companies making key announcements and developments that could drive their share prices. Here’s a look at the top stocks to watch today.

Infosys: The company will consider a share buyback proposal in its board meeting scheduled for September 11.

TVS Motor: Announced it will pass on the full benefit of GST rate reduction to customers.

Godrej Consumer Products: Started construction of a new manufacturing site in Indonesia with a capital expenditure of ₹250 crore.

IRB Infrastructure: Reported a 12% year-on-year rise in August toll revenue at ₹563 crore, compared to ₹503 crore in August 2024.

HUDCO: Signed a Memorandum of Understanding with Nagpur Metropolitan Region Development Authority to provide funding support of up to ₹11,300 crore.

Strides Pharma: Entered into a product development partnership with Kenox to expand its nasal spray portfolio in the US market.

Morepen Laboratories: Subsidiary Morepen Medipath formed a 50:50 joint venture with UAE-based Bimedical FZE to manufacture medical devices.

Railtel: Received orders worth ₹660 crore from Bihar Education Project Council.

BR Goyal Infra: Secured a work order worth ₹126 crore from the Public Works Region, Nashik.

SpiceJet: Plans to issue securities worth $54 million to settle outstanding dues.

Indian Overseas Bank: Tenure of MD & CEO Ajay Kumar Srivastava extended until October 2027.

Prime Focus: Craft EM Fund acquired a 3.87% stake for ₹188 crore via block deals.

Goodluck India: SBI Funds purchased 4.73 lakh shares at ₹1,230 per share through block deals.

RVNL: Announced that DIPAM has rejected its proposal to set up a wholly-owned subsidiary.

Arkade: Detected a malware incident affecting select IT systems.

IRB Infrastructure Q1 Results: Revenue rises 13% YoY to Rs 2,099 crore, net profit up 44.6% YoY

Aman Shukla — Thu, 14 Aug 2025 08:58:51 +0000

IRB Infrastructure Developers Ltd has reported a strong financial performance for the first quarter of FY26, posting a 44.6% year-on-year (YoY) jump in net profit to ₹202.4 crore compared to ₹140 crore in the same period last year.

Revenue for the quarter rose 13% YoY to ₹2,099 crore from ₹1,853 crore, supported by healthy execution in ongoing projects and steady toll collections. EBITDA increased 11% to ₹952 crore from ₹857 crore, reflecting improved operational efficiency.

However, the EBITDA margin stood at 45.35%, slightly lower than the 46.25% recorded in Q1 FY25.

In the meantime, IRB Infrastructure shares witnessed a relatively steady trading session today, moving between an intraday low of ₹44.45 and a high of ₹46.48. The stock opened at ₹44.95, slightly above its previous close of ₹44.79. In the past year, IRB Infrastructure has seen significant price fluctuations, hitting a 52-week high of ₹66.90 and a 52-week low of ₹40.96.

IRB InvIT Fund unitholders approve Rs 8,436 crore acquisition of three DBFOT SPVs from company’s private InvIT

Aman Shukla — Fri, 04 Jul 2025 08:53:13 +0000

IRB InvIT Fund has received approval from its unitholders to acquire three DBFOT (Design, Build, Finance, Operate, and Transfer) road project special purpose vehicles (SPVs) from IRB Infrastructure Trust, the private InvIT associated with IRB Infrastructure Developers. The acquisition, valued at ₹8,436 crore, was approved with approximately 96% majority.

The three SPVs involved in the transaction are IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, and Kishangarh Gulabpura Tollway Limited. All three entities operate road assets under the DBFOT model. A binding term sheet for the deal was signed on May 30, 2025.

In addition to approving the acquisition, unitholders of the publicly listed IRB InvIT Fund also cleared a fundraise to support the transaction and approved the appointment of the Sponsor, IRB Infrastructure Developers, as the project manager for operations and maintenance (O&M) of the acquired assets.

Virendra D. Mhaiskar, Chairman & Managing Director of the Sponsor stated, “We are truly grateful to all the unitholders of the IRB InvIT Fund for demonstrating their strong trust and confidence in the Fund’s growth strategy by passing the resolutions,” he added. “We remain committed to enhancing unitholder value by actively exploring opportunities to add quality assets to the portfolio.”

The transaction is subject to regulatory approvals and other necessary compliances. Post-acquisition, the Sponsor’s O&M order book is expected to increase by approximately ₹3,100 crore.

Top stocks to watch today, June 10: Tata Power, RITES, IRB Infrastructure, Jindal Saw, Capri Global and more

Aman Shukla — Tue, 10 Jun 2025 02:43:29 +0000

Indian equity markets continued their upward trend for a fourth straight session on Monday, June 9, 2025. The BSE Sensex ended 256.22 points higher at 82,445.21, up 0.31%. The NSE Nifty closed above the 25,100 mark for the first time, gaining 100.15 points or 0.40% to settle at 25,103.20.

Several stocks are likely to remain in focus on Tuesday, June 10, due to key corporate developments:

Stocks in Focus

Tata Power: Its subsidiary TP Solar has crossed 4 GW of cumulative solar module production at its Tamil Nadu manufacturing facility.
IRB Infrastructure Developers: Reported toll collections of ₹581.2 crore in May 2025, up 8.5% year-on-year compared to ₹535.5 crore in May 2024.
ITD Cementation: Received an order worth ₹893 crore for the development of captive jetty projects in Odisha.
Protean eGov Technologies: Awarded a ₹100 crore, 72-month contract for the Bima Sugam platform.
Nibe: Secured a 10-year technology transfer license from DRDO for a modular bridging system.
RITES: Received a Letter of Acceptance (LoA) for a $2.9 million project from the Government of Guyana related to construction supervision.
Zee Entertainment: Announced a partnership with content startup Bullet to launch India’s first micro-drama app.
Jana Small Finance Bank: Submitted an application to the Reserve Bank of India for a voluntary transition into a universal bank.
Jindal Saw: Plans to incorporate a subsidiary and enter into joint ventures in the UAE and Saudi Arabia for pipe manufacturing projects with a total investment of $118 million.

Capri Global: Launched a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crore. Sources indicate an issue price of ₹146.50 per share.
Vishnu Prakash R Punglia: CARE Ratings downgraded its ratings on loans worth ₹960 crore.
Premier Energies: Reports indicate South Asia Growth Fund may sell up to 2.5 crore shares via block deals at a floor price of ₹1,051 per share.

IRB Infrastructure reports Rs 6,360 crore toll revenue in FY25, up 23% YoY

Aman Shukla — Tue, 08 Apr 2025 14:25:45 +0000

IRB Infrastructure Developers Limited and its Private InvIT associate, IRB Infrastructure Trust, have jointly recorded a toll revenue growth of approximately 23% for the financial year 2024-25. This increase is significantly higher than the national year-on-year toll revenue growth average of 12.5% for the same period.

During FY2024-25, the combined toll revenue from the company and the trust stood at ₹6,360 crore, compared to ₹5,169 crore reported in FY2023-24. This growth reflects an overall increase in traffic flow and stable performance across various projects under the group’s portfolio.

For the month of March 2025, the combined toll revenue was ₹556.8 crore, showing a year-on-year increase of around 16% over March 2024, which reported toll revenue of ₹480.9 crore.

Project-wise, the Mumbai Pune Expressway and NH4 (through IRB MP Expressway Pvt Ltd) recorded toll revenue of ₹1,536 million in March 2025, up from ₹1,482 million a year earlier. Other key projects such as the Ahmedabad Vadodara Expressway (NE1 and NH48), Chittorgarh to Gulabpura (NH79), and Hyderabad Outer Ring Road also reported notable growth.

New additions under TOT (Toll-Operate-Transfer) models, including the Lalitpur-Lakhnadon stretch (NH44), Kota Bypass, and Jhansi-Gwalior route, contributed to the revenue figures this year. These projects did not report figures for March 2024, highlighting their role in the incremental growth for FY2024-25.

IRB Infrastructure shares surge 4% as net profit jump 18% YoY in Q3 FY25

Aman Shukla — Sat, 01 Feb 2025 04:21:19 +0000

IRB Infrastructure’s shares jumped 4% following its Q3 FY25 financial results, reporting an 18% YoY rise in net profit (excluding exceptional gains) to Rs. 222 crores, compared to Rs. 187 crores in Q3 FY24. The company also declared a third interim dividend of 10%, amounting to Rs. 60.3 crores for the quarter.

Key financial highlights include:

Total Income: Rs. 2,090 crores, a 1% YoY increase from Rs. 2,077 crores.
EBITDA: Rs. 1,049 crores, reflecting a 7% rise from Rs. 978 crores.
Profit Before Tax: Rs. 323 crores, up 10% YoY from Rs. 294 crores.
PAT (Excluding Exceptional Gains): Rs. 222 crores, an 18% increase.

The company recorded a one-time exceptional gain of Rs. 5,804 crores due to asset monetization, with a key move being the transfer of assets from IRB’s Private InvIT to Public InvIT, worth Rs. 15,000 crores. This transaction is expected to close by FY26.

IRB Infrastructure shares fluctuated between a low of ₹58.51 and a high of ₹60.88 today. The stock opened at ₹59.00. Over the past 52 weeks, it has seen a low of ₹45.06 and a high of ₹78.15, reflecting its price volatility. As of 9:50 AM, the shares were trading 3.63% lower at Rs 59.40.

IRB Infra and Private InvIT post 19% Y-o-Y growth in December toll collections

Matrika Shukla — Thu, 09 Jan 2025 12:23:13 +0000

IRB Infrastructure Developers Ltd and its Private InvIT arm, IRB Infrastructure Trust, have delivered an impressive 19% year-on-year (Y-o-Y) growth in toll collections for December 2024. The total toll revenue for the month stood at ₹5,799 million (₹580 crore), a significant increase from ₹4,880 million (₹488 crore) in December 2023.

This robust performance reflects the company’s strong operational capabilities across its network of toll projects spanning 12 states in India.

Commentary from the Management

Shri Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Ltd, expressed optimism about the future growth trajectory:
“We’ve seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India’s robust GDP growth, which should boost vehicular traffic across our 12-state network.”

Project-wise Toll Collection Highlights

The following table provides a detailed breakdown of toll collection project-wise for December 2024 and December 2023:

Project Name	December 2024 (₹ Mn)	December 2023 (₹ Mn)	Relationship with Entities
Mumbai Pune Expressway (IRB MP Expressway)	1,634	1,584	Wholly-owned Subsidiary
Ahmedabad Vadodara Expressway (IRB AV Tollway)	707	660	Wholly-owned Subsidiary
Chittorgarh-Gulabpura NH79 (CG Tollway)	333	315	Joint Venture
Udaipur-Shamlaji NH48 (Udaipur Tollway)	276	263	Private InvIT
Palsit-Dankuni NH19 (Palsit Dankuni Tollway)	154	155	Private InvIT
Agra-Etawah NH19 (AE Tollway)	225	213	Private InvIT
Yedeshi-Aurangabad NH211 (Yedeshi Tollway)	219	217	Private InvIT
Hapur-Moradabad NH9 (Hapur Tollway)	282	261	Private InvIT
Kaithal-Rajasthan Border NH152 (Kaithal Tollway)	118	125	Private InvIT
Kishangarh-Gulabpura NH79A (Kishangarh Tollway)	213	201	Private InvIT
Karwar-Kundapura NH66 (Westcoast Tollway)	134	129	Private InvIT
Solapur-Yedeshi NH211 (Solapur Tollway)	114	114	Private InvIT
Hyderabad Outer Ring Road (Golconda Expressway)	713	627	Private InvIT
Samakhiyali-Santalpur NH27 (Samakhiyali Tollway)	130	16	Private InvIT
Lalitpur-Lakhnadon NH44 (Lalitpur Tollway)	363	–	TOT 12
Kota Bypass (Kota Tollway)	71	–	TOT 13
Jhansi-Gwalior NH44 (Gwalior Tollway)	113	–	TOT 13

Total Toll Collection:

December 2024: ₹5,799 Mn (₹580 crore)
December 2023: ₹4,880 Mn (₹488 crore)

This consistent growth in toll collections highlights the company’s ability to manage its portfolio effectively and capitalize on the increased traffic across India’s highway network. With new projects like Lalitpur-Lakhnadon, Kota Bypass, and Jhansi-Gwalior contributing to toll revenues, IRB Infrastructure is well-positioned for sustained growth in the coming quarters.

IRB Infrastructure issues US$200 million senior secured notes

Aditya Bhagchandani — Fri, 18 Oct 2024 14:38:32 +0000

IRB Infrastructure Developers Limited has successfully issued US$200 million in 7.11% senior secured notes due 2032. These new notes will be consolidated with the existing US$540 million notes issued earlier, creating a single series of senior secured notes, all carrying the same 7.11% per annum fixed rate. The interest on these notes will be paid semi-annually, with the final maturity date set for March 11, 2032.

The notes, which are listed on the India International Exchange (India INX), will be used to fund capital expenditures or refinance existing loans. IRB continues to strengthen its financial position through these strategic financing moves, ensuring steady growth and expansion

IRB Infrastructure shares surge 3% after Q4 profit jumps 45%

Aditya Bhagchandani — Wed, 08 May 2024 05:06:55 +0000

Shares of IRB Infrastructure Developers rose nearly 3% after the company reported a 45.1% year-on-year increase in net profit for the quarter ended March 31, 2024.

IRB Infrastructure Developers posted a net profit of ₹188.9 crore in the fourth quarter, compared to ₹130.2 crore in the same period last year. The company’s revenue from operations increased 27.2% to ₹2,061.2 crore, up from ₹1,620 crore in the previous fiscal year.

At the operating level, IRB Infrastructure Developers’ EBITDA (earnings before interest, tax, depreciation, and amortization) grew 17.3% to ₹889.9 crore in the fourth quarter, compared to ₹758.7 crore in the corresponding period of the previous fiscal year.

However, the company’s EBITDA margin stood at 43.2% in the reporting quarter, lower than 46.8% in the same period of the previous fiscal year.

As of 10:30 am, shares of IRB Infrastructure Developers were trading 2.57% higher at ₹67.75 on the National Stock Exchange (NSE).

IRB Infra posts 30% YoY growth in toll revenue in March 2024

Markets Desk — Mon, 08 Apr 2024 13:50:30 +0000

The aggregate toll collection of IRB Infrastructure Developers Limited, India’s leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its associate IRB Infrastructure Trust, India’s largest Infrastructure Investment Trust, have registered aggregate Y-o-Y toll revenue growth of 30% in the month of March 2024.

Both the entities have reported aggregate toll collection of Rs. 4,809 Mn for the month under review, i.e., March 2024, against Rs. 3,700 Mn in March 2023. The assets under Private InvIT, i.e., IRB Infrastructure Trust have registered toll collection rise around 40% Y-o-Y.

Commenting on this, Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “We are ending Financial Year 2024 with a sharp Y-o-Y growth of 30% in toll collection during March 24.” He further said, “With addition of two new revenue generating TOT assets in the portfolio, we foresee robust FY25.”

IRB Infra share price surges 10% today; check here why

Aditya Bhagchandani — Thu, 14 Mar 2024 06:04:01 +0000

On Thursday, IRB Infrastructure share price surged nearly 10% amidst the announcement that Cintra, through one of its subsidiaries, will acquire 24% of IRB Infrastructure Trust for a total amount of ₹6,590 crore.

As part of the deal, Cintra will extend the acquisition to a similar stake in MMK Toll Road Pty. Ltd. (MMK), the Investment Manager of the Trust. The closure of the purchase will depend on several conditions precedent, including regulatory and third-party approvals.

This strategic partnership aims to capture the potential of India’s electrifying infrastructure landscape by leveraging synergies across different players within the sector. By coupling the unbeatable expertise of one of the finest Indian transport infrastructure developer and the financial muscle of a global investor like Cintra, the partnership is targeting the optimization of project planning and selection processes that are expected to multiply impact and value creation of the Indian infrastructure sector.

As of 11:03 am, IRB Infrastructure shares traded 9.91% higher at ₹56.00 on the NSE. Clearly, the market has responded well to the potential of this strategic partnership and what it could do to the infrastructure of the country.

IRB Infrastructure Hits 52-Week High, Surges 8% on Robust December Toll Collections

Aditya Bhagchandani — Tue, 09 Jan 2024 04:38:27 +0000

IRB Infrastructure Developers experienced an impressive 8 percent surge, reaching a 52-week high of Rs 45.55 on January 9, buoyed by the company’s robust toll collection growth for December.

The firm reported a substantial increase in toll collections, reaching Rs 488 crore in December, reflecting a remarkable 26 percent rise compared to the same month in the previous fiscal year.

As of 9:42 am, IRB Infra was actively trading at ₹46.10 on the National Stock Exchange, indicating a notable 9.37 percent increase from the previous close.

Amitabh Murarka, Deputy CEO, expressed satisfaction with the sustained growth momentum across all highways assets. Anticipating a positive trajectory for toll collections in the second half of the financial year, Murarka expects this growth trend to persist throughout the remaining quarter of FY24.

IRB Infrastructure Developers Achieves 52-Week High as Toll Collections Surge 20% YoY

Aditya Bhagchandani — Fri, 08 Dec 2023 09:36:22 +0000

IRB Infrastructure Developers witnessed a remarkable surge of 6.5 percent in early trade, reaching a 52-week high of Rs 40.95 on December 8, following the announcement of a substantial 20 percent year-on-year increase in gross toll collections for November. The company reported toll collections amounting to Rs 437.05 crore in November, compared to Rs 366 crore in the corresponding period last year. This surge in collections occurred despite a temporary slowdown in economic activities due to festival holidays during the month.

As of 3:03 PM, shares of IRB Infra were trading 2.34% higher on the NSE.

Amitabh Murarka, Deputy CEO of the company, commented, “We have observed a consistent upward trajectory in toll collection, even amidst Diwali holidays, which briefly impeded the momentum of economic activities for almost a week.”