IRB Infra toll revenue rises 18% to ₹529 crore in Feb

IRB Infrastructure on Friday reported an 18% year-on-year rise in toll revenue to ₹528.7 crore in February.

Its revenues from the toll collection business stood at ₹462.2 crore in the same month last year, IRB said in an exchange filing.

Out of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of ₹140.9 crore to the total revenue collection in February, followed by the IRB Ahmedabad-Vadodara Super Express Tollway (₹63.9 crore), it added.

The company collected ₹31.5 crore in toll revenue from CG Tollway (Chittorgarh to Gulabpura, NH 79).

The per day toll revenue has gone up to ₹19 crore in the month under review against ₹16 crore in February 2024.

IRB Infrastructure Deputy CEO Amitabh Murarka said, "The budgetary provisions are expected to set further growth momentum in toll revenue in view of the expected upward traffic trend across our assets in 12 states, primarily on account of the allocations to transportation infrastructure, tourism and consumption-based sectors". The persistent toll revenue growth is one of the indicators to adjudge and evaluate the economic growth of the nation, he added.

IRB is India's first integrated infrastructure player in the highways segment.

It is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over ₹80,000 crore in 12 states.