IRB Infrastructure’s share price is gaining investor attention after its private InvIT arm, IRB Infrastructure Trust, secured a ₹9,270 crore highway project from the National Highways Authority of India (NHAI).
The awarded project, known as TOT-17, covers a 366-km stretch across Uttar Pradesh, including the Lucknow–Ayodhya–Gorakhpur corridor on NH-27 and part of the Lucknow–Varanasi route on NH-731. The concession spans 20 years, during which the Trust will handle tolling, operations, and maintenance.
IRB’s chairman and MD, Virendra D. Mhaiskar, called this a “pivotal accomplishment,” especially given the corridor’s significance for religious tourism. He highlighted that, with this award, IRB’s share in the TOT (Toll-Operate-Transfer) market rises to 42 per cent.
The project is expected to significantly boost IRB’s financial profile: toll revenue from its portfolio is projected to rise sharply, and its asset base could cross ₹90,000 crore from the current ~₹80,000 crore. Moreover, its operations and maintenance (O&M) order pipeline is expected to grow by ~20%.
From a stock-market perspective, IRB Infrastructure recently reported strong numbers: a 17.8% year-on-year increase in standalone net profit, reaching ₹188.37 crore, while revenues grew by 7% to ₹1,064.72 crore for the quarter. On the market, the share closed at ₹42.91, up 1.32%, though it remains nearly 30% below its 52-week high.
With this landmark deal under its belt, IRB Infrastructure is poised for a stronger presence in India’s national highway monetisation landscape — and investor eyes are likely to stay fixed on its next moves.
