The Samakhiyali Tollway Private Ltd, an SPV of IRB Infrastructure Developers Ltd. has executed the Concession Agreement with National Highway Authority of India.
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.
With this award, IRB Infras' asset base expands to over Rs 70,000 crore and the O&M order book grows by Rs 14,500 crore. It is the largest single-asset TOT project in the country.
IRB Infrastructure Trust's IRB Infrastructure Developers Limited with investment from the GIC Affiliates, a Sovereign Wealth Fund of Singapore, listed itself today on the National Stock Exchange to be in line with SEBI InvIT Regulations which requires listing of all InvITs, the company said in an exchnage filling.
With this, the Trust has become the first Private InvIT listed on the NSE