Business Update15 May 2026, 01:12 pm
IRB Infra to Manage IRB InvIT Fund SPVs; ₹1,340 Cr Project
AI Summary
IRB Infrastructure Developers Ltd's board approved acting as the Project Manager for certain Project SPVs of IRB InvIT Fund. The company will provide operation and maintenance works to IRB Jaipur Deoli Tollway Limited, IRB Pathankot Amritsar Toll Road Limited, and IRB Talegaon Amravati Tollway Limited until the end of their concession periods, starting April 1, 2030. Amended project implementation agreements worth approximately ₹1,136 crore (₹1,340 crore including GST) will be executed, subject to regulatory approvals.
Key Highlights
- IRB Infra to act as Project Manager for IRB InvIT Fund's Project SPVs.
- Agreements worth approximately ₹1,136 crore (₹1,340 crore including GST) approved.
- The company holds 16.57% units of the Public InvIT.
- Project management extends until the end of the concession period of respective SPVs.
- Transaction is subject to applicable regulatory approvals.