Meerut Budaun Expressway Commences Toll Collection on Ganga Expressway Project
IRB Infrastructure Developers Limited has announced a major operational milestone for the Ganga Expressway (Group 1) Project. Meerut Budaun Expressway Limited, the Project Special Purpose Vehicle (SPV), has commenced toll collection on the project effective May 17, 2026.The announcement confirms that toll collection has begun on the Ganga Expressway (Group 1) Project. This operational update follows earlier progress, which included the receipt of the Provisional Certificate (PCOD) for the expressway and the commencement of trial run traffic operations.
The Project SPV for the Ganga Expressway is Meerut Budaun Expressway Limited. In this context, MMK Toll Road Private Limited operates as the Investment Manager to the IRB Infrastructure Trust.
The key milestones for the Ganga Expressway (Group 1) Project are summarized below:
| Milestone | Status | Date |
|---|---|---|
| Receipt of Provisional Certificate (PCOD) | Achieved | Prior to May 17, 2026 |
| Commencement of Trial Run Traffic Operations | Completed | April 29, 2026 |
| Commencement of Toll Collection | Operational | May 17, 2026 |
IRB Stock Price Movement
Shares of IRB Infrastructure Developers Limited slipped by 0.20% on Friday, settling at ₹20.30 in after-hours trading. The equity concluded the session on strong buying interest, supported by a volume of 8.49 million shares.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.
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