IRB Infrastructure Developers Ltd , a leading multinational transport infrastructure developer in India's roads and highways sector, has reported a significant increase in toll revenues for August. The company, along with IRB Infrastructure Trust, achieved combined toll revenues of ₹563.00 crore, marking an impressive year-on-year growth of approximately 12%.

Strong Performance Amid Challenges

The robust performance comes despite adverse weather conditions affecting traffic across certain assets. IRB Infra's toll collection rose from ₹503.00 crore in the previous August to ₹563.00 crore this August, showcasing the company's resilience and the underlying strength of India's infrastructure sector.

Project-wise Performance

IRB Infra's portfolio, consisting of 17 projects across various states, demonstrated consistent growth. Notable performers include:

Management Commentary

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, expressed optimism about the company's performance. He stated, "Toll revenues for August recorded a robust 12% year-on-year growth, stronger than the previous month, backed by continued underlying economic growth. This performance is particularly noteworthy given the adverse impact of weather conditions on traffic across certain assets."

Future Outlook

Looking ahead, IRB Infra anticipates further strengthening of growth momentum in the coming months, driven by the onset of the festive and holiday season. The company's diverse portfolio of 26 road projects, including 18 BOT (Build-Operate-Transfer), 4 TOT (Toll-Operate-Transfer), and 4 HAM (Hybrid Annuity Model) projects, positions it well to capitalize on India's expanding infrastructure needs.

Company Profile

IRB Infrastructure Developers Ltd has established itself as a major player in India's infrastructure sector with an asset base of approximately ₹80,000.00 crore spread across 12 states. The company has a strong track record of constructing, tolling, operating, and maintaining around 19,000 lane kilometers pan-India in its 25-year existence, with 15,500 lane kilometers currently under operation.

As India continues to focus on infrastructure development, IRB Infra's consistent performance and strategic project portfolio underscore its significant role in the country's road and highway sector growth story.

IRB Infrastructure Developers Ltd (IRB) has announced a significant milestone in its infrastructure development portfolio. The company's wholly-owned subsidiary, VM7 Expressway Private Limited, has received a Provisional Completion Certificate for a crucial section of the Delhi-Mumbai Greenfield Expressway, marking a substantial achievement in India's ambitious Bharatmala Pariyojana Phase I.

Project Details

The project involves the construction of an eight-lane expressway section spanning from Gandeva to Ena in Gujarat. Key points include:

• Total project length: 27.5 kilometers
• Completed length: 25.07 kilometers
• Part of: Delhi-Mumbai Greenfield Expressway
• Implementation: Hybrid Annuity Mode (HAM)

Financial Implications

The completion of this project brings significant financial benefits to IRB Infrastructure:

• Eligibility for bi-annual annuity payments from NHAI
• Operation period: 15 years
• Expected annual annuity revenue: Approximately Rs. 180.00 crores

Strategic Importance

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers, highlighted the strategic importance of this achievement:

"This is a remarkable milestone for us, with both our Hybrid Annuity Projects on the prestigious Delhi–Mumbai Greenfield Expressway now operational. The Gandeva–Ena project alone is expected to generate annuity revenues of about Rs. 180.00 crores annually, providing strong and stable cash flows and further strengthening the Company's financial position."

Sustainability Focus

The project demonstrates IRB's commitment to sustainable development:

• Implemented with a focus on sustainable sourcing
• Incorporated water preservation under the Sujalam Sufalam scheme
• Aims to be water-positive for construction

Market Position

This project further solidifies IRB Infrastructure's position in the infrastructure sector:

• Second operational Hybrid Annuity Mode project on the Delhi-Mumbai Expressway
• Follows the earlier Vadodara-Kim stretch project
• Strengthens IRB's portfolio in the rapidly developing Indian highway sector

Looking Ahead

The completion of the Gandeva-Ena expressway section is expected to provide faster, safer, and seamless commuting for users. It also represents a significant step in the completion of the larger Delhi-Mumbai Expressway project, which aims to enhance connectivity between two of India's major economic hubs.

As IRB Infrastructure continues to expand its presence in India's infrastructure development landscape, projects like these underscore the company's capability to execute large-scale, complex infrastructure initiatives that contribute to the nation's economic growth and connectivity.