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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code