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News Topical, Digital Desk : Stock Market: IRB Infrastructure Developers Limited shares will be in investor focus on Monday as the company's private InvIT platform, IRB Infrastructure Trust, has received a Letter of Award from the National Highway Authority of India for the TOT-17 bundle. This is expected to be the company's largest project of the year.
IRB Trust will take responsibility for 20 years
This project covers a total highway stretch of 366.096 km which includes Lucknow-Ayodhya-Gorakhpur section and Lucknow-Sultanpur section of Uttar Pradesh. IRB Trust will now take responsibility for tolling, operation and maintenance of these highways for the next 20 years. Trust will pay a fee of Rs 9270 crore to NHAI The Trust will pay an upfront fee of Rs 9270 crore to NHAI for this project. Tariff revision has been fixed at 3 percent every year which will also include 40 percent of the Wholesale Price Index. With the award of this project, the asset portfolio of IRB Trust will increase by approximately 20 percent to reach Rs 65000 crore. IRB Infrastructure Developers will be the project manager of the entire project.
This corridor is very important for religious tourism The company's Chairman and Managing Director Virendra D Mhaiskar, describing this achievement as important, said that this corridor is very important for religious tourism in Ayodhya and surrounding areas. He also said that after this win, the company's market share in the TOT space has reached 42 percent, which reflects the company's strong position. He said that this achievement is a sign of increasing confidence of long-term private capital in India's highway monetization framework.
IRB Infrastructure Share Price On Friday, IRB Infrastructure shares closed at Rs 43 with a gain of 1.53 percent in the stock market. However, the stock has seen a decline of 28 percent so far in 2025.
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