IRB Infrastructure Begins Tolling On TOT-18 Project

06 Apr 2026 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..