IRB Infra, IRB Infra Trust clock 37 pc Y-o-Y toll collection growth
08 Aug 2024
4 Min Read
CW Team
After registering a strong toll collection growth of 32 percent in Q1FY25, the IRB Infrastructure Developers and IRB Infrastructure Trust, India鈥檚 leading and the largest multi-national transport infrastructure developers and private infrastructure investment trust respectively, have kept the momentum going in the starting month of the Q2FY25, i.e., July 2024.
The company has reported 37 percent y-o-y toll collection growth in the opening month of second quarter of FY25, i.e., July 2024, against the corresponding month of FY24. The company鈥檚 July 2024鈥檚 toll collection is Rs 4.99 billion against Rs 3.65 billion in July 2023.
Commenting on the occasion, Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers, said, "The second quarter has begun positively, with a 37 percent increase in toll collection compared to the same period last year. New additions to our portfolio are also contributing well. With a normal monsoon forecast, we expect continued strong traction in toll collection going forward."
The toll collection details project and SPV wise are as follows:
Sr. No |
Company Name |
July 2024 (Rs. In Mn)
|
July 2023 (Rs. in Mn)
|
Relationship with Entities |
1 |
IRB MP Expressway (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4) |
1352 |
1349 |
Wholly 鈥� owned Subsidiaries |
2 |
IRB Ahmedabad Vadodara Super Express Tollway (Ahmedabad Vadodara Expressway NE1 & Highway NH48)
|
584 |
537 |
Joint-Ventures Entities under the IRB Infrastructure Trust (Private InvIT)
|
3 |
CG Tollway (Chittorgarh to Gulabpura NH79)
|
305 |
301 |
4 |
Udaipur Tollway (Udaipur to Shamlaji NH48)
|
256 |
230 |
5 |
Palsit Dankuni Tollway (Palsit to Dankuni NH19)
|
135 |
129 |
6 |
AE Tollway (Agra to Etawah NH19) |
194 |
185 |
7 |
Yedeshi Aurangabad Tollway (Yedeshi to Aurangabad NH211) |
203 |
229 |
8 |
IRB Hapur Moradabad Tollway (Hapur to Moradabad NH 9) |
223 |
182 |
9 |
Kaithal Tollway (Kaithal to Rajasthan Border NH152/65) |
107 |
112 |
10 |
Kishangarh Gulabpura Tollway (Kishangarh to Gulabpura NH79A & NH79) |
190 |
196 |
11 |
IRB Westcoast Tollway (Karwar to Kundapura NH66) |
87 |
90 |
12 |
Solapur Yedeshi Tollway (Solapur to Yedeshi NH211) |
101 |
111 |
13 |
IRB Golconda Expressway (Hyderabad Outer Roing Road) |
633 |
- |
14 |
Samakhiyali Tollway (Samakhiyali to Santalpur NH27) |
110 |
- |
15 |
IRB Lalitpur Tollway (Lalitpur Lakhnadon NH44 鈥� TOT 12) |
345 |
- |
16 |
IRB Kota Tollway (Kota Bypass 鈥� TOT 13) |
63 |
- |
17 |
IRB Gwalior Tollway (Jhansi Gwalior NH44 鈥� TOT 13) |
100 |
- |
|
Total |
4988 |
3651 |
|
About IRB Infrastructure Developers
IRB Infrastructure Developers (IRB) is India鈥檚 first Integrated Multi-National Transport Infrastructure Developer in the roads and highways segment. The company has acquired ISO certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approximately Rs 800 billion in 12 states across the parent company and two InvITs.
The company has a strong track record of constructing, tolling, operating, and maintaining around 18,500 lane km pan India in its existence of more than 25 years in India; of which 15,500 lane kms are under operations at present. The group commands a market share of around 38 percent in the TOT space. It also comprises 12 percent share in India鈥檚 North South highway connectivity.
After successfully completing 13 concessions and handing over them to the nodal agencies, at present, IRB Group鈥檚 project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, four TOT and four HAM projects.
After registering a strong toll collection growth of 32 percent in Q1FY25, the IRB Infrastructure Developers and IRB Infrastructure Trust, India鈥檚 leading and the largest multi-national transport infrastructure developers and private infrastructure investment trust respectively, have kept the momentum going in the starting month of the Q2FY25, i.e., July 2024.
The company has reported 37 percent y-o-y toll collection growth in the opening month of second quarter of FY25, i.e., July 2024, against the corresponding month of FY24. The company鈥檚 July 2024鈥檚 toll collection is Rs 4.99 billion against Rs 3.65 billion in July 2023.
Commenting on the occasion, Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers, said, The second quarter has begun positively, with a 37 percent increase in toll collection compared to the same period last year. New additions to our portfolio are also contributing well. With a normal monsoon forecast, we expect continued strong traction in toll collection going forward.
The toll collection details project and SPV wise are as follows:
.tg {border-collapse:collapse;border-spacing:0;}
.tg td{border-color:black;border-style:solid;border-width:1px;font-family:Arial, sans-serif;font-size:14px;
overflow:hidden;padding:10px 5px;word-break:normal;}
.tg th{border-color:black;border-style:solid;border-width:1px;font-family:Arial, sans-serif;font-size:14px;
font-weight:normal;overflow:hidden;padding:10px 5px;word-break:normal;}
.tg .tg-0x09{background-color:#9b9b9b;text-align:left;vertical-align:top}
.tg .tg-9fd4{background-color:#9b9b9b;font-weight:bold;text-align:left;vertical-align:top}
.tg .tg-lqy6{text-align:right;vertical-align:top}
.tg .tg-cdns{background-color:#9b9b9b;border-color:inherit;font-weight:bold;text-align:right;vertical-align:top}
.tg .tg-pu0z{background-color:#9b9b9b;border-color:inherit;font-weight:bold;text-align:left;vertical-align:top}
.tg .tg-dvpl{border-color:inherit;text-align:right;vertical-align:top}
.tg .tg-f8tv{border-color:inherit;font-style:italic;text-align:left;vertical-align:top}
.tg .tg-0lax{text-align:left;vertical-align:top}
.tg .tg-8zwo{font-style:italic;text-align:left;vertical-align:top}
.tg .tg-tsok{background-color:#FFF;color:#222;text-align:left;vertical-align:top}
Sr. No
Company Name
July 2024(Rs. In Mn)
July 2023(Rs. in Mn)
Relationship with Entities
1
IRB MP Expressway (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)
1352
1349
Wholly 鈥� owned Subsidiaries
2
IRB Ahmedabad Vadodara Super Express Tollway(Ahmedabad Vadodara Expressway NE1 & Highway NH48)
584
537
Joint-VenturesEntities under the IRB Infrastructure Trust (Private InvIT)
3
CG Tollway(Chittorgarh to Gulabpura NH79)
305
301
4
Udaipur Tollway(Udaipur to Shamlaji NH48)
256
230
5
Palsit Dankuni Tollway(Palsit to Dankuni NH19)
135
129
6
AE Tollway (Agra to Etawah NH19)
194
185
7
Yedeshi Aurangabad Tollway (Yedeshi to Aurangabad NH211)
203
229
8
IRB Hapur Moradabad Tollway (Hapur to Moradabad NH 9)
223
182
9
Kaithal Tollway (Kaithal to Rajasthan Border NH152/65)
107
112
10
Kishangarh Gulabpura Tollway (Kishangarh to Gulabpura NH79A & NH79)
190
196
11
IRB Westcoast Tollway (Karwar to Kundapura NH66)
87
90
12
Solapur Yedeshi Tollway (Solapur to Yedeshi NH211)
101
111
13
IRB Golconda Expressway (Hyderabad Outer Roing Road)
633
-
14
Samakhiyali Tollway (Samakhiyali to Santalpur NH27)
110
-
15
IRB Lalitpur Tollway (Lalitpur Lakhnadon NH44 鈥� TOT 12)
345
-
16
IRB Kota Tollway (Kota Bypass 鈥� TOT 13)
63
-
17
IRB Gwalior Tollway (Jhansi Gwalior NH44 鈥� TOT 13)
100
-
Total
4988
3651
About IRB Infrastructure Developers
IRB Infrastructure Developers (IRB) is India鈥檚 first Integrated Multi-National Transport Infrastructure Developer in the roads and highways segment. The company has acquired ISO certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approximately Rs 800 billion in 12 states across the parent company and two InvITs.
The company has a strong track record of constructing, tolling, operating, and maintaining around 18,500 lane km pan India in its existence of more than 25 years in India; of which 15,500 lane kms are under operations at present. The group commands a market share of around 38 percent in the TOT space. It also comprises 12 percent share in India鈥檚 North South highway connectivity.
After successfully completing 13 concessions and handing over them to the nodal agencies, at present, IRB Group鈥檚 project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, four TOT and four HAM projects.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..