IRB Infrastructure Trust Secures ₹3087 Cr Odisha Toll Road Project from NHAI
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Moneycontrol•06-01-2026, 19:57
IRB Infrastructure Trust Secures ₹3087 Cr Odisha Toll Road Project from NHAI
- •IRB Infrastructure Trust received a ₹3,087 crore Letter of Award from NHAI for a toll road project in Odisha under the TOT-18 bundle.
- •The project grants the Trust 20 years of toll collection rights for the 74.5 km Chandikhol-Bhadrak section of NH-16.
- •An upfront concession fee of ₹3,087 crore will be paid to NHAI, strengthening the Trust's long-term cash flow.
- •In November 2025, the Trust secured a larger ₹9,270 crore project (TOT-17 bundle) covering NH-27 and NH-731 in Uttar Pradesh.
- •IRB Infrastructure forecasts double-digit toll revenue growth for FY26 and aims for ₹4,000 crore in construction revenue this fiscal year.
Why It Matters: IRB Infrastructure Trust expands its portfolio with a major Odisha toll road project, boosting future cash flow.
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