+
IRB Infrastructure Trust Wins NHAI Toll Project in Odisha
ROADS & HIGHWAYS

IRB Infrastructure Trust Wins NHAI Toll Project in Odisha

IRB Infrastructure Trust, an arm of IRB Infrastructure Developers Ltd, has received a letter of award from the National Highways Authority of India for a revenue-linked toll road project in Odisha. Under the agreement, the trust will pay an upfront concession fee of Rs 30.87 billion to NHAI to secure tolling rights for a 20-year period.

The project involves the tolling, operation, maintenance and transfer of the Chandikhole–Bhadrak section of National Highway 16, spanning around 74.5 km, awarded under the TOT-18 bundle.

Shares of IRB Infrastructure Trust closed at Rs 41.88 apiece on Tuesday, 0.88 per cent lower than the day’s opening on the BSE. In November 2025, the trust had secured a Rs 92.7 billion NHAI project under the TOT-17 bundle, covering a 366.1-km stretch across the Lucknow–Ayodhya–Gorakhpur section of National Highway 27 and the Lucknow–Sultanpur section of National Highway 731 in Uttar Pradesh.

In the same month, the Mumbai-based highway developer reiterated its guidance for double-digit toll revenue growth in FY26 and said it remains on track to generate around Rs 40 billion in revenue from its construction business during the current financial year.

IRB Infrastructure Trust, an arm of IRB Infrastructure Developers Ltd, has received a letter of award from the National Highways Authority of India for a revenue-linked toll road project in Odisha. Under the agreement, the trust will pay an upfront concession fee of Rs 30.87 billion to NHAI to secure tolling rights for a 20-year period. The project involves the tolling, operation, maintenance and transfer of the Chandikhole–Bhadrak section of National Highway 16, spanning around 74.5 km, awarded under the TOT-18 bundle. Shares of IRB Infrastructure Trust closed at Rs 41.88 apiece on Tuesday, 0.88 per cent lower than the day’s opening on the BSE. In November 2025, the trust had secured a Rs 92.7 billion NHAI project under the TOT-17 bundle, covering a 366.1-km stretch across the Lucknow–Ayodhya–Gorakhpur section of National Highway 27 and the Lucknow–Sultanpur section of National Highway 731 in Uttar Pradesh. In the same month, the Mumbai-based highway developer reiterated its guidance for double-digit toll revenue growth in FY26 and said it remains on track to generate around Rs 40 billion in revenue from its construction business during the current financial year.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code