IRB Infrastructure Hits 52-Week High on Stellar 26% Surge in December Toll Collections

9 Jan 2024 , 02:04 PM

IRB Infrastructure Developers witnesses an 8% surge, reaching a 52-week high of Rs 45.55 on January 9, following robust toll collection growth in December.

December toll collections amounted to Rs 488 crore, reflecting a significant 26% increase compared to the previous fiscal’s Rs 388 crore.

At the time of writing, IRB Infra trades at Rs 46.40 on the National Stock Exchange, marking a 10.08% increase from the previous close.

Deputy CEO Amitabh Murarka expresses satisfaction with the sustained growth across all highway assets and anticipates continued growth in toll collections for the remaining quarter of FY24.

The newly initiated Samakhiyali Santalpur BOT project in Gujarat commenced toll collection on December 28, contributing a full quarter’s revenue in FY24.

Key contributors to December collections include Hyderabad Outer Ring Road, Ahmedabad Vadodara Expressway NE1, Highway-NH48, and Mumbai Pune Expressway & Old Mumbai Pune Highway-NH4.

For feedback and suggestions, write to us at [e-mail]