IRB Infrastructure Trust proposes Rs 4,663 crore asset sale to IRB InvIT Fund

Business Desk — Thu, 14 May 2026 15:46:38 +0000

IRB Infrastructure Trust has announced a preliminary and non-binding offer to sell two of its Build-Operate-Transfer (BOT) highway assets to the IRB InvIT Fund, with an estimated enterprise value of approximately ₹4,663 crore. The offer, approved by the Board of Directors of the Investment Manager of IRB Infrastructure Trust, involves the Solapur Yedeshi NH211 in Maharashtra and the Chittorgarh Gulabpura NH79 in Rajasthan, which together span 1,144 lane kilometres.

The transaction is part of IRB’s ongoing strategy to recycle capital from mature assets into new growth opportunities. This approach, termed the B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy, aims to efficiently manage capital and enhance the asset portfolio of the IRB InvIT Fund. The proposed sale is subject to regulatory approvals and consents.

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited, highlighted the benefits of the transaction, stating that it would provide the IRB InvIT Fund with an extended concession life and additional revenue streams. He also noted that the proceeds from the sale would be used to fund future opportunities, aligning with the company’s growth objectives.

The Solapur Yedeshi NH211 asset in Maharashtra has an approximate asset value of ₹2,354 crore, while the Chittorgarh Gulabpura NH79 asset in Rajasthan is valued at approximately ₹2,309 crore. The assets are being offered under the Right of First Offer (ROFO) granted to the IRB InvIT Fund.

IRB Infrastructure Trust has previously transferred three BOT assets and one Hybrid Annuity Model (HAM) asset to the IRB InvIT Fund, enhancing its enterprise value to approximately ₹23,000 crore. The group aims to achieve an asset base of ₹1,40,000 crore by 2029.

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

IRB Infrastructure Developers reports 21% growth in March toll revenue

Business Desk — Thu, 09 Apr 2026 12:08:19 +0000

IRB Infrastructure Developers Limited has reported a significant 21% year-on-year increase in toll revenue for March 2026, reaching ₹783 crore compared to ₹649 crore in March 2025. This growth underscores the company’s robust performance in the toll road sector.

The IRB Group, which includes IRB Infrastructure Developers and its two sponsored Infrastructure Investment Trusts (InvITs), IRB Infrastructure Trust and IRB InvIT Fund, achieved a full-year toll revenue of ₹8,323 crore for FY26. This accounts for a 10% market share of India’s total toll revenue, which stands at ₹82,900 crore for the fiscal year, as reported by Economic Times News.

The detailed project-wise toll revenue for March 2026 reveals that IRB MP Expressway Pvt Limited led with a collection of ₹1,651 million, followed by IRB Golconda Expressway Private Limited at ₹801 million. Other notable contributors include IRB Ahmedabad Vadodara Super Express Tollway Private Limited with ₹810 million and IRB Lalitpur Tollway Private Limited at ₹409 million.

Shri Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers, expressed satisfaction with the company’s performance, highlighting the commissioning of new assets such as the TOT Asset in Odisha and the anticipated commissioning of the Ganga Expressway in Uttar Pradesh as key drivers for future growth. He also mentioned the impact of revised toll tariffs on existing assets.

The company’s diverse portfolio includes 28 highways with approximately 17,500 operational lane kilometres across 13 Indian states. IRB Group holds a significant market share of 44% in the awarded TOT space, with six TOT assets, the largest BOT portfolio of 18 highway assets, and four hybrid annuity highway assets.

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

IRB InvIT Fund | Business Upturn

IRB Infrastructure Trust proposes Rs 4,663 crore asset sale to IRB InvIT Fund

IRB Infrastructure Developers reports 21% growth in March toll revenue