Joint Venture21 Dec 2025, 12:01 pm
IRB Infrastructure Developers Ltd. Approves Agreement as Project Manager for TOT-17 Project and Convenes EGM
AI Summary
IRB Infrastructure Developers Ltd. has approved an agreement to act as the Project Manager for the TOT-17 Project implemented through IRB Harihara Corridors Private Limited. The agreement is for a revenue linked concession period of 20 years from the Appointed Date, with an estimated value of up to Rs.6,785 crores (including GST @18%). The company will provide works in relation to initial upgradation / O&M works / project implementation. An Extraordinary General Meeting (EGM) has been convened on January 13, 2026, for the approval of material related party transactions.
Key Highlights
- IRB Infrastructure Developers Ltd. has approved an agreement to act as the Project Manager for the TOT-17 Project.
- The agreement is for a revenue linked concession period of 20 years from the Appointed Date, with an estimated value of up to Rs.6,785 crores (including GST @18%).
- The company will provide works in relation to initial upgradation / O&M works / project implementation.
- An Extraordinary General Meeting (EGM) has been convened on January 13, 2026, for the approval of material related party transactions.