IRB Infrastructure reports 21% toll revenue growth in October

11 Nov 2024 CW Team

IRB Infrastructure reported a 21% increase in toll revenue, reaching Rs 5.39 billion in October 2024, compared to Rs 4.47 billion during the same period last year. The company attributed the growth to a strong start in the third quarter of the fiscal year 2025, bolstered by the festive season and increased holiday travel. “After a strong first half in FY25, the third quarter has started on a solid footing, marked by robust toll collection growth in October 2024. We expect this positive trend to continue, driven by the festive season and increased holiday travel,” the company said in a statement. IRB's portfolio of 17 toll roads saw significant contributions from the IRB MP Expressway in Maharashtra and the IRB Ahmedabad Vadodara Super Express Tollway, generating Rs 1.42.6 billion and Rs 662 million, respectively. The CG Tollway (Chittorgarh to Gulabpura NH 79) contributed Rs 327 millionin toll revenue. IRB Infrastructure holds the distinction of being India's first integrated infrastructure player in the highways segment. As the country's largest integrated private toll roads and highways infrastructure developer, the company boasts an asset base exceeding Rs 800 billion, spread across 12 states. The company, with a 25-year history in India, holds a 34% market share in the Toll Operate Transfer (TOT) space. It currently operates 15,500 lane kilometers in India. “The company has a strong track record of constructing, tolling, operating, and maintaining around 18,500 lane kilometers across India. Of this, 15,500 lane kilometers are under operations at present,” the statement added. IRB also controls 12% of India’s North-South highway connectivity. “The group commands a market share of around 34% in the TOT space and holds a 12% share in India’s North-South highway connectivity.”

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..