Joint Venture8 Oct 2024, 11:42 pm
IRB Infrastructure Developers Ltd Reports 19% Y-o-Y Rise in Toll Collection for September 2024
AI Summary
IRB Infrastructure Developers Ltd and IRB Infrastructure Trust have reported a collective Y-o-Y toll revenue growth of 19% in September 2024, amounting to Rs. 502 Crs as against Rs. 421 Crs in September 2023. The growth is attributed to increased travel and economic activities despite severe rains in some regions.
Key Highlights
- IRB Infrastructure Developers Ltd and IRB Infrastructure Trust report a Y-o-Y toll revenue growth of 19% in September 2024.
- The toll revenue for September 2024 is Rs. 502 Crs, compared to Rs. 421 Crs in September 2023.
- The growth is driven by increased travel and economic activities despite severe rains in some regions.
- IRB Infrastructure Developers Ltd is India's first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment.
- IRB Group has an asset base of approx. Rs. 80,000 Crs in 12 States across the parent company and two InvITs.