IRB Infra sees robust growth as toll collection business set to surge beyond 20%
In an interview with CNBC-TV18, Anil Yadav, Director-Investor Relations and former Group CFO of IRB Infrastructure Developers, highlighted the positive trajectory driven by robust growth during the festive season and consistent monthly performance.
IRB Infrastructure Developers is gearing up for a substantial surge in its toll business, forecasting a growth rate exceeding 20%.
In an interview with CNBC-TV18, Anil Yadav, Director-Investor Relations and former Group CFO of IRB Infrastructure Developers, highlighted the positive trajectory driven by robust growth during the festive season and consistent monthly performance.
The Indian highway construction major recently secured a significant order worth ₹1,683 crore from the National Highways Authority of India (NHAI). This contract encompasses tolling, operation, and maintenance responsibilities for the Gwalior-Jhansi and Kota bypass.
Discussing upcoming projects, Yadav revealed that Toll Operate Transfer (TOT) 12 (Lalitpur-Lakhnadon section on NH44) and TOT 13 (Gwalior-Jhansi and Kota bypass) are expected to commence in the next six months, contributing to revenue in FY24. The combined growth in toll business for IRB and Private InvIT is estimated to range between 15-20% for the upcoming financial year.
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Yadav added, “In addition to toll projects, IRB is handling engineering, procurement, and construction (EPC) and operation and maintenance (O&M), contributing ₹6,000–7,000 crore to IRB's order book."
Previously, the NHAI granted a Letter of Acceptance (LoA) to the trust for TOT-12 (Lalitpur-Lakhnadon section on NH44) with an initial payment of ₹4,428 crore and a concession period linked to revenue spanning 20 years.
The Mumbai-based IRB Infrastructure has a market capitalisation of ₹25,339.64 crore.
For the entire interview, watch the accompanying video
(Edited by : Ajay Vaishnav)
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