New Launch1 April 2026 at 02:55 am
IRB Infrastructure Trust Commences Tolling on Chandikhole - Bhadrak Section of NH-16 in Odisha
AI Summary
IRB Infrastructure Trust's Project SPV, IRB Chandibhadra Tollway Pvt. Ltd., has commenced tolling on the Chandikhole - Bhadrak Section of NH-16 from April 1, 2026. The Project SPV made a payment of Rs. 3,087 Crores to NHAI after achieving financial closure and securing tolling rights for 20 years. This project is expected to strengthen the toll revenue growth of the Group.
Key Highlights
- 1st project in the State of Odisha and 13th Indian State of Group’s Footprints Nation-wide
- 74.5 Kms (447 Lane Kms) long corridor from Chandikhole to Bhadrak on NH-16
- Revenue Linked Concession Period of 20-years
- O&M Order Book rises by approx. Rs.1,600Crs
- The Asset forms part of the Golden Quadrilateral Corridor