IRB Infrastructure Developers Limited , a leading player in India's road and highway infrastructure sector, has announced a significant increase in its toll revenue for July. The company reported a 10% year-on-year growth, with total collections reaching Rs. 548.00 crores, up from Rs. 499.00 crores in the same month of the previous year.

Project-wise Performance

The toll revenue was generated from 17 toll road projects operated through wholly-owned subsidiaries and joint venture entities under IRB Infrastructure Trust. Here's a breakdown of the top-performing projects:

Strong Performance Despite Seasonal Challenges

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, expressed satisfaction with the company's performance. He stated, "We've seen a strong start to the second quarter, outperforming the previous quarter on the toll revenue front. Despite the seasonal impact of monsoons, we remain optimistic about sustaining this growth momentum."

Future Outlook

The company remains positive about its growth trajectory, with Murarka adding, "With the festive season onset in India, we foresee a further uptick in traffic volumes and toll revenues." This optimism suggests that IRB Infrastructure is well-positioned to capitalize on increased traffic during the upcoming festive period.

Company Profile

IRB Infrastructure Developers Ltd is recognized as India's first Integrated Multi-National Transport Infrastructure Developer in the Roads & Highways segment. The company boasts an impressive asset base of approximately Rs. 80,000.00 crores spread across 12 states, managed through the parent company and two InvITs (Infrastructure Investment Trusts).

With a strong track record spanning over 25 years, IRB has constructed, tolled, operated, and maintained around 19,000 lane kilometers pan-India. Currently, 15,500 lane kilometers are under operation. The group commands a significant market share, including:

• 33% of the awarded TOT (Toll-Operate-Transfer) space
• 14% share in the prestigious Golden Quadrilateral Highway Project
• 12% share in India's North-South highway connectivity

IRB Group's current project portfolio comprises 26 road projects, including 18 BOT (Build-Operate-Transfer), 4 TOT, and 4 HAM (Hybrid Annuity Model) projects.

The company's consistent growth and strategic positioning in India's infrastructure sector underscore its importance in the country's ongoing development of road networks and transportation infrastructure.

IRB Infrastructure Developers Limited (IRB Infra) has announced a significant milestone for its Palsit Dankuni Project, with the receipt of a completion certificate that is set to substantially increase the company's annual toll revenue.

Project Details

The Palsit Dankuni Tollway Private Limited, a Project Special Purpose Vehicle (SPV) of IRB Infrastructure Trust, has been awarded a Completion Certificate (COD) by the National Highways Authority of India (NHAI) for 61.3 km out of the total 63.83 km stretch of the project. This certificate covers the 4 to 6 laning of National Highway 19 between Palsit and Dankuni in West Bengal.

Financial Impact

With the issuance of the COD, IRB Infra is now authorized to collect toll at revised tariff rates, resulting in a substantial 47% increase. The company anticipates this development to boost its annual toll revenue by approximately ₹100 crore, based on Q1 FY25 trends.

Project Highlights

Management Commentary

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd, expressed his views on this achievement: "Receiving the COD is a significant milestone for this project. It enables us to commence toll collection at the revised tariff rates, as per the Concession Agreement. We are confident that this project will deliver a world-class and safe commuting experience to all users."

Company Overview

IRB Infrastructure Developers Ltd is a prominent player in India's road and highway infrastructure sector. The company has an asset base of approximately ₹80,000.00 crore spread across 12 states, with operations covering around 15,500 lane km. IRB Infra holds a 33% market share in the awarded Toll-Operate-Transfer (TOT) space and has significant presence in key national highway projects.

This latest development reinforces IRB Infra's position in the infrastructure sector and is expected to contribute positively to the company's financial performance in the coming years.