Saturday, July 13, 2024

IRB Infrastructure Developers and its Private InvIT Arm report 32% increase

IRB Infrastructure Developers Ltd., India’s first multinational infrastructure player in the highways segment. and its Private InvIT Arm, IRB Infrastructure Trust, both have collectively reported 32% increase in the Toll Collection in the month of December 2022 on Year on Year basis, across all projects under them. The Company has reported toll collection in December 2022 at Rs. 388 Crores as against Rs. 294 Crores in December 2021. The toll collection has also gone up on a month to month basis as against November 2022, where it was reported at Rs. 366 Crores Commenting on this, Shri Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited said, “The consistent increase in the toll collection on all our projects reflects not only that the economy is on growth trajectory, but also these corridors are playing vital role in this growth.”   

As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs.60,000 Crs. in 10 States across the parent company and two InvITs. The Company has strong track record of constructing, tolling, operating and maintaining around 15,500 lane Kms pan India and has an ability to construct over 500 Kms in a year.  It has approx. 20% share in India’s prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India. After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has 22 road projects that include 17 BOT, 1 TOT and 4 HAM projects.

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