Project Update1 Sept 2026, 04:40 pm
IRB InvIT Fund SPV Completes Concession Period for NH-44 Project
AI Summary
IRB InvIT Fund has announced that one of its Special Purpose Vehicles (SPVs), M.V.R. Infrastructure and Tollways Limited, has successfully completed its concession period for the Omallur – Namakkal section of NH-44 in Tamil Nadu on September 1, 2026. The SPV has handed over the project highway and its assets to the National Highways Authority of India (NHAI) as per the concession agreement. This marks the end of the operational phase for this specific project under the SPV's management.
Key Highlights
- SPV M.V.R. Infrastructure and Tollways Limited completed its concession period.
- Project involved Omallur – Namakkal section of NH-44 in Tamil Nadu.
- Project Highway and assets have been handed over to NHAI.
- Completion aligns with the terms of the concession agreement.
Price Impact
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