IRB Infrastructure Developers , through its sponsored private InvIT, IRB Infrastructure Trust, has secured a significant deal in the Indian highway sector. The Trust has been awarded the TOT-17 bundle project by the National Highways Authority of India (NHAI), covering 366 km of highways in Uttar Pradesh for a 20-year concession period.

Project Details

The project, valued at ₹9,270 crore, encompasses the Lucknow-Ayodhya-Gorakhpur corridor on NH-27 and part of the Lucknow-Varanasi corridor on NH-731. Here's a breakdown of the key project details:

Impact on IRB Infrastructure Trust

This project win has significant implications for IRB Infrastructure Trust:

1. Portfolio Growth: The Trust's asset portfolio is expected to increase by approximately 20% to ₹65,000 crore.
2. Market Share: With this award, the IRB platform now commands a 42% market share in the Toll-Operate-Transfer (TOT) space.
3. Long-term Revenue: The project provides long-term revenue and cash flow generation visibility.

Strategic Significance

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd., emphasized the strategic importance of this project, stating, "TOT-17 is a pivotal accomplishment for us given the importance of this religious tourism corridor." He also highlighted that this strengthens their platform and moves them closer to the ₹1 lakh crore asset portfolio mark.

IRB Group's Enhanced Position

Post-acquisition of this project, the IRB Group is set to see several improvements:

• Substantial increase in toll revenue for the portfolio
• Group asset base expected to exceed ₹90,000 crore
• Operations & Maintenance (O&M) order book projected to grow by approximately 20%

Conclusion

This project win not only bolsters IRB Infrastructure Trust's position in the Indian highway sector but also underscores the growing confidence of long-term private capital in India's national highway monetization framework. As the largest integrated private toll roads and highways infrastructure developer in India, IRB Infrastructure Developers continues to strengthen its foothold in the country's infrastructure development landscape.

IRB Infrastructure Developers Limited , India's leading multi-national transport infrastructure developer, has reported a strong financial performance for the second quarter of fiscal year 2026, with a significant increase in net profit and steady revenue growth.

Financial Highlights

For Q2 FY26, IRB Infrastructure reported:

The company's net profit saw a remarkable year-on-year increase of 41%, rising from Rs 100 crore in Q2 FY25 to Rs 141 crore in Q2 FY26. This substantial growth in profitability comes despite a modest 2.74% increase in total income, which grew from Rs 1,752 crore to Rs 1,800 crore over the same period.

Dividend Declaration

The Board of Directors has declared a second interim dividend of 7% (Re. 0.70 per equity share of face value Re. 10 each) for the financial year 2025-26. The record date for dividend payment is set for November 18, 2025.

Operational Performance

IRB Infrastructure continued to demonstrate strong operational performance, with toll revenue registering a year-on-year growth of 11%. Toll collections reached Rs 1,667 crore in Q2 FY26, compared to Rs 1,503 crore in Q2 FY25.

Strategic Developments

The company has made significant strides in its strategic initiatives:

1. Asset Transfer: IRB Infrastructure successfully completed asset transfers between its sponsored InvITs, unlocking approximately Rs 5,000 crore of equity value.

2. Project Milestones: The company received Provisional COD for its 8-lane Gandeva Ena Expressway project under the Hybrid Annuity Model in Gujarat.

As India's leading infrastructure developer, IRB Infrastructure continues to play a crucial role in the country's infrastructure development. With these latest developments and strong financial performance, the company is well-positioned to capitalize on growing opportunities in the infrastructure sector.