IRB Infrastructure Developers Limited — Capital/Financing Update 2023

Nov 8, 2023

November 8, 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 October 2023 (Reg 30 of SEBI LODR)

Please find enclosed Project-wise toll revenue for the Month of October 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

MEHULKU Digitally signed by MAR MEHULKUMAR NATWARLAL NATWARL PATEL AL PATEL Date: 2023.11.08 16:56:01 +05'30'

Mehul Patel Company Secretary

IRB Infrastructure Developers Limited

Gross Toll collection

Toll Collection increase ~ 30% on Y-o-Y basis

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

			(Rs. in millions)
Sr. No.	Company Name	October, 2023	October, 2022
1	IRB MP Expressway Private Limited*	1409.02	1154.97
2	IRB Ahmedabad Vadodara Super Express Tollway Private Limited*	581.45	530.55
3	CG Tollway Limited^	317.66	277.90
4	Udaipur TollwayLimited^	251.21	204.66
5	Palsit Dankuni Tollway Private Limited^	123.36	145.99
6	AE Tollway Limited^	215.23	184.29
7	Yedeshi Aurangabad Tollway Limited^	191.99	213.48
8	IRB Hapur Moradabad Tollway Limited^	268.09	222.95
9	Kaithal Tollway Limited^	126.69	120.68
10	Kishangarh Gulabpura Tollway Limited^	206.49	190.56
11	IRB Westcoast Tollway Limited^	109.83	102.52
12	Solapur Yedeshi Tollway Limited^	87.54	102.36
13	IRB Golconda Expressway Private Limited^**	589.02	-
	Total	4,477.58	3,450.92

*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 & Toll Collection on the projects from August 12, 2023.

==> picture [172 x 61] intentionally omitted <==

Press Release

Promising start of Q3FY24 as IRB Infra & IRB Infrastructure Trust (Private InvIT)) register Toll Collection growth of 30% Y-o-Y in October 2023

• October 2023 toll collection is Rs. 4,477 Mn vs Rs. 3,451 Mn in October 2022

• Festive season coupled with commencement of Tolling on Hyderabad ORR have created noticeable impact on the growth

• Remaining quarters of FY24 may have further positive impact on toll revenue that will come from the newly added BOT project in the State of Gujarat

Mumbai, November 08, 2023: After witnessing the great going momentum in first two quarters of FY24, the toll collection for IRB Infrastructure Developers Ltd and its Private InvIT has another fresh start in Q3FY24 on a positive note. Both entities have registered robust growth of 30% in the toll collection of October 2023 on Y-o-Y basis.

The aggregate toll collection for the month of October 2023 is Rs. 4,477 Mn, which was Rs. 3,451Mn in the corresponding month of FY23, i.e., October 2022.

Commenting on the occasion, Shri Amitabh Murarka, Dy CEO of the Company said, “Pleased to see the continuation of momentum built in first two quarters of FY24, also getting continued in the first moth of third quarter. Considering next two months of Q3 are too filled in with festivals and vacations as well, we expect the momentum to continue for the quarter with good traffic growth across all projects; thus, resulting into growing toll collection.” He added, “We also expect start of tolling on the Samakhiyali Santalpur BOT project in Gujarat soon, which would further facilitate better toll revenue.”

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

Sr. No	Company Name	October 2023 (Rs. in Millions)	October 2022 (Rs. in Millions)
	**Operational days **	31	31
1	IRB MP Expressway Pvt Limited (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)	1,409.02	1,154.97
2	IRB Ahmedabad Vadodara Super Express Tollway Private Limited (Ahmedabad Vadodara Expressway NE1 and Highway NH48)	581.45	530.55
3	CG Tollway Limited (Chittorgarh to Gulabpura NH79)	317.66	277.90
4	Udaipur Tollway Limited (Udaipur to Shamlaji NH48)	251.21	204.66

1

==> picture [172 x 61] intentionally omitted <==

Press Release

5	Palsit Dankuni Tollway Private Limited (Palsit to Dankuni NH19)	123.36	145.99
6	AE Tollway Limited (Agra to Etawah NH19)	215.23	184.29
7	Yedeshi Aurangabad Tollway Limited (Yedeshi to Aurangabad NH211)	191.99	213.48
8	IRB Hapur Moradabad Tollway Limited (Hapur to Moradabad NH 9)	268.09	222.95
9	Kaithal Tollway Limited (Kaithal to Rajasthan Border NH152/65)	126.69	120.68
10	Kishangarh Gulabpura Tollway Limited (Kishangarh to Gulabpura NH79A & NH79)	206.49	190.56
11	IRB Westcoast Tollway Limited (Karwar to Kundapura NH66)	109.83	102.52
12	Solapur Yedeshi Tollway Limited (Solapur to Yedeshi NH211)	87.54	102.36
13	IRB Golconda Expressway Private Limited (Hyderabad Outer Roing Road)	589.02	-
	Total	4,477.58	3,450.92

About IRB Infrastructure Developers Ltd:

IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs.75,000 Crs. in 12 States across the parent company and two InvITs.

The Company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane Kms pan India in its existence of 25 years in 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 around 42%.

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 25 road projects that include 18 BOT, 3 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

2