Deals18 Dec 2023, 12:55 pm
IRB Infrastructure Trust receives Letter of Award from NHAI for TOT-13
AI Summary
IRB Infrastructure Trust, the private InvIT of IRB Infrastructure Developers Ltd., has received a Letter of Award from the National Highways Authority of India (NHAI) for TOT-13, comprising Gwalior-Jhansi section on NH-44 and Kota Bypass on NH-76 projects, for an upfront consideration of Rs.1,683 crores.,
Key Highlights
- Receipt of Letter of Award (LoA) from NHAI for TOT-13
- Upfront consideration of Rs.1,683 crores
- Revenue-linked Concession Period of 20 years
- Asset base to increase to approx. Rs.77,000 crores
- Robust market share in TOT space of approx. 38%