Shares of IRB Infrastructure Ltd soared 6% on 17 November after the corporate secured a Rs 9,270 crore challenge from the Nationwide Highways Authority of India (NHAI).
IRB Infrastructure Belief, the personal InvIT of IRB Infrastructure Builders, has acquired a Letter of Award (LoA) from the Nationwide Highways Authority of India (NHAI) for the TOT-17 bundle, which covers 366 kilometers of the Lucknow-Ayodhya-Gorakhpur Hall on NH-27 and a portion of the Lucknow-Varanasi Hall on NH-731, for a revenue-linked concession interval of 20 years.
Following the TOT-17 challenge, IRB Group’s challenge portfolio (together with Personal and Public InvIT) will embrace 27 freeway tasks, together with 18 BOT, 5 TOT, and 4 HAM tasks.
The corporate collected a toll of Rs 556.7 crore in September, up 11% from Rs 501.8 crore in the identical month final yr.
The corporate’s standalone web revenue elevated 17.8% to Rs 188.37 crore in September 2025, from Rs 159.89 crore in September 2024.
The corporate’s income elevated by 7% to Rs 1,064.72 crore, in comparison with Rs 993.75 crore final yr.
At 1:53 pm, the shares of IRB infrastructure had been buying and selling 4.75% increased at Rs 45 on NSE.
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