IRB Infrastructure Trust’s Project SPV Commences Tolling on NH-16 Section
IRB Chandibhadra Tollway Private Limited, a Project SPV of IRB Infrastructure Trust, commenced toll collection on the Chandikhole Bhadrak Section of NH-16 from April 1, 2026. This marks the beginning of a 20-year revenue-linked concession period for the project.The Project SPV made a payment of Rs. 3,087 Crores to the National Highways Authority of India (NHAI) on March 30, 2026, after achieving financial closure for the project. April 1, 2026, was designated as the Appointed Date by the NHAI.
Mr. Virendra D. Mhaiskar, Chairman and Managing Director of IRB Group, stated that the project represents the Group's presence in 13 Indian States and is a vital link between the Southern and Eastern regions.
The TOT-18 Concession involves a 74.5-kilometer corridor with 447 lane kilometers.
Key Highlights of the TOT-18 Concession:
- First project in the State of Odisha (13th Indian State for the Group).
- 74.5 Kms (447 Lane Kms) long corridor from Chandikhole to Bhadrak on NH-16.
- Revenue Linked Concession Period of 20-years.
- O&M Order Book rises by approximately Rs. 1,600 Crores.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.