IRB Infra Arm Secures ₹3,087 Cr NHAI Toll Project in Odisha
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CNBC TV18•06-01-2026, 19:36
IRB Infra Arm Secures ₹3,087 Cr NHAI Toll Project in Odisha
- •IRB Infrastructure Trust received a Letter of Award from NHAI for a ₹3,087 crore revenue-linked concession toll road project in Odisha.
- •The trust will pay an upfront concession fee of ₹3,087 crore to NHAI for 20 years of tolling rights.
- •The project involves tolling, operation, maintenance, and transfer of the 74.5 km Chandikhole–Bhadrak section of National Highway-16.
- •This project is part of the toll operate transfer (TOT)-18 bundle.
- •IRB Infra's shares closed 0.88% lower; the company also secured a ₹9,270 crore NHAI project in Uttar Pradesh in November 2025.
Why It Matters: IRB Infra Trust secures a major ₹3,087 Cr NHAI toll project in Odisha, expanding its infrastructure footprint.
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