IRB Infrastructure Developers Limited — Capital/Financing Update 2023

Sep 10, 2023

September 10, 2023

To,

Corporate Relationship Department, National Stock Exchange of India Limited BSE Ltd Exchange Plaza P.J. Towers, 1[st] Floor, Bandra – Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400 023 Mumbai – 400 051

Dear Sir,

Ref.: Scrip Code: 532947, Symbol: IRB

Subject: Toll Revenue for August 2023 (Reg 30 of SEBI LODR)

Please find enclosed Project-wise toll revenue for the Month of August 2023 for the subsidiaries & Joint venture entities of the Company.

Please find enclosed press release in this regard.

Kindly take the same on record.

For IRB Infrastructure Developers Limited

Digitally signed by MEHULKUMA MEHULKUMAR R NATWARLAL NATWARLAL PATEL PATEL Date: 2023.09.10 15:35:13 +05'30'

Mehul Patel Company Secretary

IRB Infrastructure Developers Limited

Gross Toll collection

Toll Collection increase ~ 24% on Y-o-Y basis

The toll collection details Project and SPV wise are as follows:

	IRB Infrastructure Developers LimitedGross Toll collectionToll Collection increase ~ 24% on Y-o-Y basise toll collection details Project and SPV wise are as follows:	IRB Infrastructure Developers LimitedGross Toll collectionToll Collection increase ~ 24% on Y-o-Y basise toll collection details Project and SPV wise are as follows:	IRB Infrastructure Developers LimitedGross Toll collectionToll Collection increase ~ 24% on Y-o-Y basise toll collection details Project and SPV wise are as follows:
			(Rs. in millions)
Sr.No.	Company Name	August, 2023	August, 2022
	Operational days	31	31
1	IRB MP Expressway Private Limited*	1,411.30	1,150.26
2	IRB Ahmedabad Vadodara Super Express Tollway PrivateLimited*	567.35	501.18
3	CG Tollway Limited^	310.39	280.04
4	Udaipur TollwayLimited^	239.07	194.26
5	Palsit Dankuni Tollway Private Limited^	139.28	163.80
6	AE Tollway Limited^	184.65	167.89
7	Yedeshi Aurangabad Tollway Limited^	214.24	204.16
8	IRB Hapur Moradabad Tollway Limited^	190.22	189.90
9	Kaithal Tollway Limited^	122.39	126.47
10	Kishangarh Gulabpura Tollway Limited^	200.83	189.39
11	IRB Westcoast Tollway Limited^	104.70	91.95
12	Solapur Yedeshi Tollway Limited^	106.06	100.60
13	IRB Golconda Expressway Private Limited**	381.58	-
	Total	4,172.05	3,359.90

*Wholly-owned Subsidiaries of the Company

^Joint Ventures - Entities under - IRB Infrastructure Trust (Pvt. InvIT)

**The Project SPV has received the Appointed Date from HMDA & started Toll Collection from August 12, 2023.

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Press Release

Growth momentum in Toll Collection continues for IRB Infra Group; reports collective Y-o-Y growth of 24% in August 2023

• IRB Infra’s wholly owned subsidiaries report 20% growth in toll collection for August 2023 against corresponding month of last years

• Joint Ventures, entities under IRB Infrastructure Trust, the Private InvIT reports 28% growth in toll collection for August 2023 against corresponding month of last year

• Toll Collection on Hyderabad ORR project commenced w.e.f. 12[th] August 2023

Mumbai, September 10, 2023: IRB Infrastructure Developers Limited, India’s leading and the largest integrated multinational infrastructure player in highways sector and its private InvIT, IRB Infrastructure Trust, have collectively reported the toll revenue of Rs. 417 Crs for the month of August 2023 as against Rs.336 Crs in August 2022; thus, Y-o-Y growth of 24%.

Company’s wholly owned subsidiaries, which manage Mumbai Pune project and Ahmedabad Vadodara project, reported aggregate toll revenue of Rs.198 Crs against Rs.165 Crs in August 2022; thus, growth of 20%. Similarly, the joint ventures entities under IRB Infrastructure Trust, Private InvIT clocked toll revenue of Rs.219 Crs in August 2023, as against Rs.171 Crs in August 2022; thus, growth of 28%.

Commenting on the occasion, Shri Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, “We have added prestigious Hyderabad ORR project in Telangana and commenced the toll collection w.e.f. 12nd August 2023.” He further added, “We expect the toll revenue to pick up pace, in view of forthcoming festival season along with likely commencement of toll collection on newly bagged Samakhiyali Santalpur BOT project in the State of Gujarat.”

The toll collection details Project and SPV wise are as follows:

Sr.	Company Name	August 2023	August 2022
No		(Rs. in	(Rs. in
		Millions)	Millions)
	**Operational days **	31	31
1	IRB MP ExpresswayPvt Limited	1,411.30	1,150.26
2	IRB Ahmedabad Vadodara Super Express Tollway Private	567.35	501.18
	Limited
3	CG TollwayLimited	310.39	280.04
4	Udaipur TollwayLimited	239.07	194.26
5	Palsit Dankuni TollwayPrivate Limited	139.28	163.80
6	AE TollwayLimited	184.65	167.89
7	Yedeshi Aurangabad TollwayLimited	214.24	204.16
8	IRB Hapur Moradabad TollwayLimited	190.22	189.90

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Press Release

Sr.		Company Name	August 2023	August 2022
No			(Rs. in	(Rs. in
			Millions)	Millions)
		**Operational days **	31	31
9	Kaithal Tollway Limited		122.39	126.47
10	Kishangarh Gulabpura TollwayLimited		200.83	189.39
11	IRB Westcoast TollwayLimited		104.70	91.95
12	Solapur Yedeshi TollwayLimited		106.06	100.60
13	IRB Golconda	Expressway Private Limited (w.e.f. 12th	381.58	-
	August2023)
		Total	4,172.05	3,359.90

To re-iterate, the Company had recently acquired 158 Kms (1,264 Lane Kms) long Nehru Outer Ring Road project in Hyderabad, Telangana State through participating in the global competitive bidding process and subsequently by making an upfront payment of Rs.7,380 Crs to the Hyderabad Metropolitan Development Authority (HMDA). The Company received the tolling rights for revenue linked concession period of 30 years. The project forms the ring road for urban traffic movement in and around the city of Hyderabad, which gets further boost for being part of north and south corridor - thus bringing significant passenger and commercial traffic to the corridor. This is also visible in the robust CAGR of ~15% witnessed for the project since it became fully operational i.e., FY2019 to FY2023.

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Infrastructure player in Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs.70,000 Crs. in 11 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating, and maintaining around 17,200 lane Kms pan India.

It has approx. 20% share in India’s prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India. In the TOT space, the group commands a market share of 37%.

After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 24 road projects that include 18 BOT, 2 TOT, and 4 HAM projects.

For further details, please contact:

• Kiwishka Prasad, Concept PR, 75068 61969 kiwishka@conceptpr.in

• Vivek Devasthali, Head – Corporate Communications, 99300 80099, vivek.devasthali@irb.co.in

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