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IRB Infrastructure Developers said that the continued toll collection growth has come on the back of traffic growth across all corridors, upward tariff revisions post construction completion in few projects and the annual tariff revision.
LIC reduced HUL exposure to 10,21,81,855 shares from 9,37,33,846 shares sequentially. Net sell stood at Rs 2,147 crore. It increased exposure in IRB Infra to 20,08,79,750 shares from 2,04,17,605 shares sequentially.
IRB Infra has emerged as the selected bidder for the project of Tolling, Operation, Maintenance and Transfer of Nehru Outer Ring Road in Hyderabad, Telangana. And IRB Infrastructure has secured an order from Hyderabad Metropolitan Development Authority.