IRB Infrastructure Developers Limited and its associate, IRB Infrastructure Trust, on Tuesday (April 9) announced a significant rise in their toll revenue growth. The firm reported a remarkable 30% year-on-year increase for the month of March 2024. 

The aggregate toll collection for March 2024 amounted to Rs. 4,809 million, as compared to Rs. 3,700 million in the corresponding period of the previous year. 

Furthermore, according to the data released by the company, assets under the Private Infrastructure Investment Trust (InvIT), managed by IRB Infrastructure Trust, witnessed an even higher toll collection rise of approximately 40% year-on-year.

The toll collection details for various projects and special purpose vehicles (SPVs) are detailed below – 

Toll collection details

  • IRB MP Expressway Pvt Limited: Rs. 1,482 million
  • IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited: Rs. 628 million
  • CG Tollway Limited: Rs. 325 million
  • Udaipur Tollway Limited: Rs. 265 million
  • Palsit Dankuni Tollway Private Limited: Rs. 164 million
  • AE Tollway Limited: Rs. 218 million
  • Yedeshi Aurangabad Tollway Limited: Rs. 188 million
  • IRB Hapur Moradabad Tollway Limited: Rs. 253 million
  • Kaithal Tollway Limited: Rs. 116 million
  • Kishangarh Gulabpura Tollway Limited: Rs. 205 million
  • IRB Westcoast Tollway Limited: Rs. 115 million
  • Solapur Yedeshi Tollway Limited: Rs. 97 million
  • IRB Golconda Expressway Private Limited: Rs. 631 million
  • Samakhiyali Tollway Private Limited: Rs. 122 million

IRB Infra expect strong FY25

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, expressed his satisfaction with the company’s performance and said, “We are ending Financial Year 2024 with a sharp Y-o-Y growth of 30% in toll collection during March 24.” He further said, “With addition of two new revenue generating TOT assets in the portfolio, we foresee robust FY25.”

IRB Infrastructure Developers Ltd

One of India’s leading and largest integrated multi-national transport infrastructure developer in the highways sector, IRB Infrastructure Developers Ltd has an asset base of approximately Rs. 80,000 crores across 12 states. IRB commands a significant market share in the toll roads and highways infrastructure segment. 

The company boasts a strong track record of constructing, tolling, operating, and maintaining around 18,500 lane kilometers of roads across India. It has 26 road projects in its portfolio, including BOT, TOT, and HAM projects.