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IRB Infrastructure Developers Limited — Capital/Financing Update 2024
Dec 9, 2024
62323_rns_2024-12-09_02105fde-0971-4944-929c-c8d1e3645340.pdf
Capital/Financing Update
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December 9, 2024
To,
Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G Dalal Street, Mumbai 400 001. Bandra Kurla Complex, Bandra (E), Mumbai 400 051
Dear Sir,
Ref.: Scrip Code: 532947, Symbol: IRB
Subject: Toll Revenue for November 2024 (Reg 30 of SEBI LODR)
Please find enclosed Project-wise toll revenue for the Month of November 2024 for the subsidiaries & Joint venture entities of the Company.
Please find enclosed a 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: 2024.12.09 17:07:32 +05'30'
Mehul Patel Company Secretary
IRB Infrastructure Developers Limited Gross Toll collection
Toll Collection increase ~ 23% on Y-o-Y basis
(Rs. in millions)
| Sr. No. |
Company Name | November, 24 | November, 23 | Relationship with entities |
|---|---|---|---|---|
| 1 | IRB MP ExpresswayPvt Limited | 1,464 | 1,411 | Wholly-owned Subsidiaries |
| 2 | IRB Ahmedabad Vadodara Super Express TollwayPrivate Limited |
672 | 593 | |
| 3 | CGTollwayLimited | 301 | 276 | Joint Ventures - Entities under- IRB Infrastructure Trust (Pvt. InvIT) |
| 4 | Udaipur TollwayLimited | 258 | 238 | |
| 5 | Palsit Dankuni Tollway Private Limited |
137 | 139 | |
| 6 | AE TollwayLimited | 220 | 211 | |
| 7 | Yedeshi Aurangabad Tollway Limited |
201 | 190 | |
| 8 | IRB Hapur Moradabad Tollway Limited |
292 | 256 | |
| 9 | Kaithal TollwayLimited | 116 | 117 | |
| 10 | Kishangarh Gulabpura Tollway Limited |
193 | 179 | |
| 11 | IRB Westcoast TollwayLimited | 117 | 106 | |
| 12 | Solapur Yedeshi TollwayLimited | 105 | 98 | |
| 13 | IRB Golconda Expressway Private Limited |
659 | 556 | |
| 14 | Samakhiyali Tollway Private Limited* |
120 | - | |
| 15 | IRB Lalitpur Tollway Private Limited** |
332 | - | |
| 16 | IRB Kota Tollway Private Limited ** |
68 | - | |
| 17 | IRB Gwalior Tollway Private Limited** |
104 | - | |
| 5,359 | 4,370 | 23% |
*The Project SPV has received the Appointed Date from NHAI & Toll Collection commenced from December 28, 2023.
**The Project SPVs has received the Appointed Date from NHAI & Toll Collection commenced from April 01, 2024.
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Press Release
IRB Infra and IRB Infrastructure Trust (Private InvIT) report 23% Y-o-Y Growth in the aggregate Toll Collection for November 2024
- November 2024 toll collection is Rs. 536 Crs vs Rs. 437 Crs in November 2023
Mumbai, December 09, 2024: IRB Infrastructure Developers Ltd and IRB Infrastructure Trust (Private InvIT) have collectively reported strong Y-o-Y growth of 23% in toll collection for November 2024.
The aggregate toll collection for the month under review is Rs. 5,359Mn (Rs. 536 Crs), as against Rs. 4,370 Mn (Rs.437 Crs) in the corresponding month of FY24, i.e., November 2023.
Commenting on the occasion, Shri Amitabh Murarka, Dy CEO of the Company said, “The monthly toll collection has demonstrated impressive growth. Looking ahead, we anticipate this upward trajectory to continue, driven by the year-end festive and holiday season, which typically boosts travel and economic activity. With improving economic indicators, we remain optimistic that strong toll collections will sustain in the coming month”
The toll collection details Project and SPV wise are as follows:
| Sr. No |
Company Name | November 2024 (Rs. In Mn) |
November 2023 (Rs. in Mn) |
Relationship with Entities |
|---|---|---|---|---|
| 1 | IRB MP Expressway Pvt Limited (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4) |
1,464 | 1,411 | Wholly – owned Subsidiaries |
| 2 | IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited (Ahmedabad Vadodara Expressway NE1 & Highway NH48) |
672 | 593 | |
| 3 | CG Tollway Limited (Chittorgarh to Gulabpura NH79) |
301 | 276 | Joint Ventures Entities under the IRB Infrastructure Trust (Private InvIT) |
| 4 | Udaipur Tollway Limited (Udaipur to Shamlaji NH48) |
258 | 238 | |
| 5 | Palsit Dankuni Tollway Private Limited (Palsit to Dankuni NH19) |
137 | 139 | |
| 6 | AE Tollway Limited (Agra to Etawah NH19) |
220 | 211 | |
| 7 | Yedeshi Aurangabad Tollway Limited (Yedeshi to Aurangabad NH211) |
201 | 190 | |
| 8 | IRB Hapur Moradabad Tollway Limited (Hapur to Moradabad NH 9) |
292 | 256 | |
| 9 | Kaithal Tollway Limited (Kaithal to Rajasthan Border NH152/65) |
116 | 117 | |
| 10 | Kishangarh Gulabpura Tollway Limited (Kishangarh to Gulabpura NH79A & NH79) |
193 | 179 |
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Press Release
| 11 | IRB Westcoast Tollway Limited (Karwar to Kundapura NH66) |
117 | 106 | |
|---|---|---|---|---|
| 12 | Solapur Yedeshi Tollway Limited (Solapur to Yedeshi NH211) |
105 | 98 | |
| 13 | IRB Golconda Expressway Private Limited (Hyderabad Outer Roing Road) |
659 | 556 | |
| 14 | Samakhiyali Tollway Private Limited (Samakhiyali to Santalpur NH27) |
120 | - | |
| 15 | IRB Lalitpur Tollway Private Limited (Lalitpur Lakhnadon NH44– TOT 12) |
332 | - | |
| 16 | IRB Kota Tollway Private Limited (Kota Bypass– TOT 13) |
68 | - | |
| 17 | IRB Gwalior Tollway Private Limited (Jhansi Gwalior NH44– TOT 13) |
104 | - | |
| Total | 5,359 | 4,370 |
About IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 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 more than 25 years in India; of which 15,500 Lane Kms are under operations at present. The group commands a market share of around 34% in the TOT space. It also comprises 12% share in India’s North South highway connectivity.
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 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects.
For further details, please contact:
-
Parikshit Sharma, Concept PR, 88989 39833, [email protected]
-
Kiwishka Prasad, Concept PR, 75068 61969 [email protected]
-
Vivek Devasthali, Head, Corporate Communications, 99300 80099, [email protected]
Disclaimer:
Except for the historical information contained herein, statements in this communication and any subsequent discussions, which include words or phrases such as ‘will’, ‘aim’, ‘will likely result’, ‘would’, ‘believe’, ‘may’, ‘expect’, ‘will continue’, ‘anticipate’,
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Press Release
estimate’, ‘intend’, ‘plan’, ‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, ‘likely’, ‘project’, ‘on-course’, ‘should’, ‘potential’, ‘pipeline’, ‘guidance’, ‘will pursue’ ‘trend line’ and similar expressions or variations of such expressions may constitute ‘forwardlooking statements’.
The forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.
These risks and uncertainties include but are not limited to the IRB Infrastructure Developers Limited and/ or its Associates’ ability to successfully implement its strategy, its growth and expansion plans, obtain regulatory approvals, provisioning policies, technological changes, investment and business income, cash flow projections, exposure to market risks as well as other risks. In addition, the consummation of the transactions described herein is subject to various conditions precedent.
IRB Infrastructure Developers Limited does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
These materials are not a prospectus, a statement in lieu of a prospectus, an offering circular, an invitation or an advertisement or an offer document under the Indian Companies Act, 2013 together with the rules and regulations made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.
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