IRB Infrastructure Developers Ltd and IRB Infrastructure Trust (Private InvIT) on Monday said toll collection in November was Rs 536 crore, up 23 % from the same period last year. In November 2023, toll collection in the company was Rs 437 crore.
Together, they have announced a robust 23% year-over-year increase in toll collection for November 2024.
IRB Infrastructure Developers Ltd (IRB) is India’s integrated multi-national transport infrastructure developer in roads & highways segment. IRB has an asset base of approx. Rs.80,000 crores in 12 States across the parent company and two InvITs.
“The monthly toll collection has demonstrated impressive growth. Looking ahead, we anticipate this upward trajectory to continue, driven by the yearend festive and holiday season, which typically boosts travel and economic activity. With improving economic indicators, we remain optimistic that strong toll collections will sustain in the coming month”, said Amitabh Murarka, Dy CEO of the Company.
In September, the IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported collective Y-o-Y toll revenue growth of 19 per cent in the month under review, i.e., Rs. 502 crore in September 2024.