IRB Infra, its Private InvIT Arm report 39% increase in Toll Collection in Nov 2022 on YoY basis

IRB Infrastructure Developers Limited and its Private InvIT Arm, IRB Infrastructure Trust, both have collectively reported 39% increase in the Toll Collection in the month of November 2022 on Year on Year basis, across all projects under them, an official statement said.

In its filing to the Stock Exchanges, the Company reported the Toll Collection in November 2022 is Rs.365.95 Crores as against Rs.262.81 Crores in November 2021.

Commenting on the development, Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Limited said, “The increase in toll collection reflects continued robustness in traffic growth across all projects, in all vehicle categories, which is in line with the macro-economic indicators. This also demonstrates that all our projects are the part of important economic corridors of the Nation.” 

He further added, “With inflationary concerns gradually easing, traffic has remained strong and grown on month to month basis.”

The toll collection details Project and SPV wise are as follows: