Acquisitions23 Dec 2025, 02:11 pm
IRB Infrastructure Trust Emerges as Preferred Bidder for TOT-18, Expanding Footprint to 13 Indian States
AI Summary
IRB Infrastructure Trust, an associate of IRB Infrastructure Developers Limited, has emerged as the preferred bidder for TOT-18 Concession announced by the National Highways Authority of India (NHAI). The project involves tolling, operation, maintenance, and transfer of 74.5 Kms (450 Lane Kms) Chandikhole Bhadrak Section of NH-16 in the state of Orissa. The Trust will pay upfront Bid Concession Fee of Rs. 3,087 Crores to NHAI for Fee & Period Tariff & Tolling. This achievement further strengthens IRB Infra’s leading position in the TOT space and expands its aggregate asset base to approx. Rs.94,000 crore.
Key Highlights
- IRB Infrastructure Trust has emerged as the preferred bidder for TOT-18 Concession in Orissa.
- The project involves tolling, operation, maintenance, and transfer of 74.5 Kms (450 Lane Kms) Chandikhole Bhadrak Section of NH-16.
- The Trust will pay upfront Bid Concession Fee of Rs. 3,087 Crores to NHAI for Fee & Period Tariff & Tolling.
- This achievement further strengthens IRB Infra’s leading position in the TOT space.
- IRB Infra’s aggregate asset base will expand to approx. Rs.94,000 crore.