IRB Infra Trust SPVs Pay Rs.61.11 Bn to NHAI for TOT Projects

04 Apr 2024 CW Team

IRB Infrastructure Trust's Special Purpose Vehicles (SPVs) have successfully disbursed a sum of ?61.11 billion to the National Highways Authority of India (NHAI) for Toll-Operate-Transfer (TOT) projects. This substantial payment marks a significant step forward in enhancing urban infrastructure development across the country.

The disbursement underscores IRB Infrastructure's commitment to fulfilling its financial obligations and contributing to the advancement of infrastructure projects under the TOT model. The timely payment of this considerable sum to NHAI demonstrates IRB Infra Trust SPVs' financial strength and reliability in executing infrastructure ventures efficiently.

The funds disbursed by IRB Infra Trust SPVs will further facilitate the development, maintenance, and operation of national highways, thereby enhancing connectivity and promoting economic growth in the regions served by these projects. The infusion of capital into infrastructure initiatives is crucial for addressing the growing demands of urban transportation and improving overall mobility across the country.

The successful payment of ?61.11 billion to NHAI reflects IRB Infrastructure's unwavering dedication to supporting the government's infrastructure development agenda. It underscores the company's role as a key player in India's urban infrastructure landscape, contributing to the nation's progress and prosperity.

Moving forward, IRB Infra Trust SPVs are poised to continue their collaborative efforts with NHAI and other stakeholders to advance infrastructure projects and drive sustainable urban development. The successful completion of payments for TOT projects reaffirms IRB Infrastructure's commitment to delivering high-quality infrastructure solutions that benefit citizens and contribute to the nation's economic growth.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..