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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement