IRB Infra Toll Revenue Increases 10% to Rs 5.54 Bn in April

09 May 2025 CW Team

IRB Infrastructure reported a 10 per cent increase in its toll revenue, reaching Rs 5.54 billion in April, compared to Rs 5.03 billion during the same month last year.

Of the 17 tolls operated by the company, IRB MP Expressway in Maharashtra was the largest contributor, accounting for Rs 1.50 billion of the total revenue in April. This marked an increase from Rs 1.40 billion in April 2024, according to an exchange filing by IRB.

The IRB Ahmedabad Vadodara Super Express Tollway’s contribution rose to Rs 650.4 million, up from Rs 590.2 million in 2024, the company stated.

The CG Tollway (Chittorgarh to Gulabpura NH 79) contributed Rs 320.7 million, making it the third largest contributor to the revenue in April, which was an increase from Rs 290.7 million the previous year. Udaipur Tollway collected Rs 270.2 million in toll revenue, a rise from Rs 250.5 million a year ago.

Amitabh Murarka, Deputy CEO of the company, noted that the company had concluded FY25 with strong momentum, which carried into April 2025, as reflected in the 10 per cent year-on-year growth in toll revenues. He added that given the overall performance of the Indian economy and the implementation of budgetary provisions, this positive trend was expected to continue into FY26.

IRB is India’s first integrated infrastructure player in the highways segment and the country’s largest private toll roads and highways infrastructure developer, with an asset base of over Rs 800 billion across 12 states.

News source: Rediff

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..