+
IRB Infrastructure Begins Tolling On TOT-18 Project
ROADS & HIGHWAYS

IRB Infrastructure Begins Tolling On TOT-18 Project

IRB Infrastructure Developers Limited, through its trust vehicle, began toll collection on the Chandikhole–Bhadrak section of National Highway 16 from April one, 2026, with the project SPV IRB Chandibhadra Tollway Private Limited commencing operations after receipt of the appointed date and completion of financial closure. The move marked the transition of the asset from development to revenue generation. The company indicated that the operationalisation will strengthen its toll road network and provide long term revenue visibility.

The SPV paid an upfront concession fee of Rs 30,870 million (Rs 30,870 mn) to the authority on March 30, 2026 to secure tolling and operations rights for the corridor. The project covers 74.5 kilometres and forms part of the Golden Quadrilateral, a high traffic corridor that supports both commercial and passenger movement. The company noted that the section is expected to benefit from stable traffic flows given its strategic location.

With this transaction IRB Group entered Odisha and took its presence to 13 Indian states, reinforcing its national footprint in highway assets. The concession carries a 20 year revenue linked period and the project adds approximately Rs 16,000 million (Rs 16,000 mn) to the operations and maintenance order book. Management highlighted that tourism and pilgrimage related flows are likely to support toll revenue growth over the concession period.

The operationalisation of the TOT-18 project strengthened IRB’s leadership in the toll operate transfer segment and enhanced its long term revenue pipeline across key national highway corridors. The company framed the investment as consistent with its strategy to acquire and operate strategic road assets. The asset is expected to contribute to sustained cash flow generation over the concession term.

IRB Infrastructure Developers Limited, through its trust vehicle, began toll collection on the Chandikhole–Bhadrak section of National Highway 16 from April one, 2026, with the project SPV IRB Chandibhadra Tollway Private Limited commencing operations after receipt of the appointed date and completion of financial closure. The move marked the transition of the asset from development to revenue generation. The company indicated that the operationalisation will strengthen its toll road network and provide long term revenue visibility. The SPV paid an upfront concession fee of Rs 30,870 million (Rs 30,870 mn) to the authority on March 30, 2026 to secure tolling and operations rights for the corridor. The project covers 74.5 kilometres and forms part of the Golden Quadrilateral, a high traffic corridor that supports both commercial and passenger movement. The company noted that the section is expected to benefit from stable traffic flows given its strategic location. With this transaction IRB Group entered Odisha and took its presence to 13 Indian states, reinforcing its national footprint in highway assets. The concession carries a 20 year revenue linked period and the project adds approximately Rs 16,000 million (Rs 16,000 mn) to the operations and maintenance order book. Management highlighted that tourism and pilgrimage related flows are likely to support toll revenue growth over the concession period. The operationalisation of the TOT-18 project strengthened IRB’s leadership in the toll operate transfer segment and enhanced its long term revenue pipeline across key national highway corridors. The company framed the investment as consistent with its strategy to acquire and operate strategic road assets. The asset is expected to contribute to sustained cash flow generation over the concession term.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code