Acquisitions6 Jan 2026, 06:42 pm
IRB Infrastructure Trust Receives LoA for TOT-18 Bundle in Odisha
AI Summary
IRB Infrastructure Trust, sponsored by India’s leading toll road operator IRB Infrastructure Developers Ltd., has received a Letter of Award (LoA) from the NHAI for TOT-18 bundle encompassing Chandikhole - Bhadrak NH-16 section in the State of Odisha. The Trust will pay an upfront Bid Concession Fee of Rs. 3,087 Crores to NHAI for a revenue-linked Concession Period of 20 years. The addition of TOT-18 will enhance the toll revenues by approx. Rs.1,000Crs in FY27 and will increase the group’s toll revenue to a substantial amount.
Key Highlights
- IRB Infrastructure Trust receives Letter of Award (LoA) from NHAI for TOT-18 bundle encompassing Chandikhole - Bhadrak NH-16 section in the State of Odisha.
- The Trust will pay an upfront Bid Concession Fee of Rs. 3,087 Crores to NHAI for a revenue-linked Concession Period of 20 years.
- The addition of TOT-18 will enhance the toll revenues by approx. Rs.1,000Crs in FY27 and will increase the group’s toll revenue to a substantial amount.
- This is the group’s first entry in Odisha and the second in Eastern India after West Bengal.
- The project length is 74.5 Kms (approx. 450 Lane Kms) and is part of India’s prestigious Golden Quadrilateral Project.