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IRB Infrastructure Trust, an affiliate of IRB Infrastructure Ltd, announced on Monday that its special purpose vehicles (SPVs) have made an upfront payment of Rs 6,111 crore to the National Highways Authority of India (NHAI) for toll operate transfer (TOT) projects. This payment includes Rs 4,428 crore for TOT12 and Rs 1,683 crore for TOT13.
Investors are excited about the December toll collections where the road and highway developer saw nearly 26% year-on-year growth to ₹488 crore.
In response to Central Railway’s plea to 350 city organisations to implement staggered timings to reduce load on trains, six have responded positively, saying t
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"IRB Infrastructure Trust (Private InvIT) has successfully completed the refinancing exercise for its five BOT Assets for around Rs 6,400 crore," IRB said in a statement.