IRB Infra reports 36% jump in toll collection for January 2023

Leading highway infrastructure player IRB Infrastructure Developers has reported 36 per cent increase in toll collection in January this year on YoY basis. According to an exchange filing by the company, it reported atoll collection at Rs 374.81 crores as against Rs 276.44 crores in the corresponding month last year.

Virendra D Mhaiskar, chairman and MD, IRB Infrastructure, said that the consistently robust growth in toll revenue across all projects over last year reflects economic stability that the country has achieved post pandemic and these corridors are playing vital role in it.

IRB Infra earlier this week fixed the record for the sub-division of the company's equity shares. According to an exchange filing, the board has fixed February 22 as the record date for determining the eligibility of shareholders for receiving the benefit of the corporate action.

The shares will split in a ratio of 10:1. It means that IRB Infra will split its one equity share into 10 equity shares. The current face value of each share is Rs 10. Once the split comes into effect, the face value of each share will be reduced to Re 1.

IRB Infra is the largest integrated private toll roads and highways infrastructure developer in India. Shares of the company quoted Rs 281 apiece on NSE around 3 PM. The counter has delivered a moderate return of around 10 per cent in the past 6 months.

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