Corporate News     16-Dec-23
IRB Infrastructure Trust receives LoA for a NHAI project
IRB Infrastructure Trust (associate company of IRB Infrastructure Developers) has received Letter of Award from National Highways Authority of India (NHAI) for the project of Tolling, Operation, Maintenance and Transfer of Kota Bypass and Cable Stay Bridge on NH-76 (New NH-27) in the state of Rajasthan and Gwalior-Jhansi section from km 0.00 to km 103.000 (revised section Km. 16.000 to Km. 98.455) of NH-75 (New NH-44) in the State of Madhya Pradesh and Uttar Pradesh on Toll Operate and Transfer (TOT) Mode (TOT Bundle 13) (the Project). The Trust is to pay upfront Concession Fee of Rs. 1,683 crore to NHAI for revenue linked Concession Period of 20 years.

The Trust's asset portfolio will increase by approximately 4.3% to Rs 47000 crore with addition of this project with a long term revenue and cashflow generation visibility.

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