IRB Infra's toll collection rises 27% to Rs 351.75 crore in February

Highways infrastructure developer IRB Infrastructure Developers has released the data of total toll collection for the month of February. 

The Mumbai headquartered company informed that the collection in February 2023 across all projects has increased 27 per cent to Rs 351.75 crore year-on-year. The company had reported the toll collection at Rs 277.47 crore in February last year.

“Toll collection on all the corridors show the consistency and robustness in the growth over last year. It reflects India’s economic stability in the post pandemic era,” Virendra D Mhaiskar, chairman and MD, IRB Infra, said.

IRB Infra has an asset base of over Rs 62,000 crore in 10 states across the parent company and two InvITs. It has strong track record of constructing, tolling, operating and maintaining around 16,000 lane kms pan India.

It has around 20 per cent share in the Golden Quadrilateral project, which is the largest by any private infrastructure developer in the country.

Meanwhile, shares of IRB Infra traded in green, quoting at Rs 30 apiece on NSE, up by 1 per cent. The company recently split its stock in a ratio of 10:1. 

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