IRB Infrastructure Developers Ltd. Reports 26% YoY Increase in Toll Collection for December 2023

IRB Infrastructure Developers Ltd. has announced that its toll collection for the month of December 2023 has increased by 26% compared to the same period last year. The company has reported a gross toll collection of Rs. 1,584 million for the month, with its wholly-owned subsidiaries and joint ventures contributing to the growth. The company's flagship project, the Mumbai-Ahmedabad E-way, has recorded a toll collection of Rs. 660 million, up from Rs. 601 million in December 2022, representing a 10% increase. The company's other projects have also shown significant growth, with the Udaipur Tollway Limited recording a toll collection of Rs. 263 million, up from Rs. 226 million in December 2022, and the Palsit Dankuni Tollway Private Limited recording a toll collection of Rs. 155 million, up from Rs. 181 million in December 2022. The company's strong performance is attributed to the increasing traffic on its toll roads, which has led to an increase in toll collection. The company's focus on improving its infrastructure and providing better services to its customers has also contributed to its growth.,