IRB Infrastructure's toll revenue grows

09 Oct 2024 CW Team

IRB Infrastructure reported a 19% increase in toll revenue collection for September 2024, amounting to ?502 crore. This growth reflects the strong performance of the company’s highway and toll projects, marking a significant year-on-year improvement. IRB’s revenue growth is primarily driven by its extensive toll operations across India, with the increased use of national and state highways contributing to the overall rise.

The rise in toll revenue showcases the company's continued strength in managing and operating vital infrastructure projects, particularly in the roads and highways sector. IRB's robust revenue figures indicate enhanced vehicular movement, likely spurred by improving economic conditions, and growth in both passenger and commercial traffic.

With projects spread across major road networks, IRB Infrastructure continues to benefit from its strategic presence in high-traffic corridors. Its toll revenue growth is a positive indicator for the Indian infrastructure sector, highlighting the importance of well-managed roadways and the growing dependence on road transport for logistics and travel.

This growth trend is essential for both IRB and the broader infrastructure sector, underscoring the company's ability to sustain and grow its revenue base, even in a competitive and challenging environment. The latest figures reinforce IRB Infrastructure’s position as a key player in India’s road infrastructure and toll management space.

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