IRB Infrastructure Developers Limited — Capital/Financing Update 2024

Apr 8, 2024

April 8, 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 March 2024 (Reg 30 of SEBI LODR)

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

MEHULKU Digitally signed by MEHULKUMAR MAR NATWARLAL NATWARL PATEL Date: 2024.04.08 AL PATEL 17:50:47 +05'30'

Mehul Patel Company Secretary

IRB Infrastructure Developers Limited

Gross Toll collection

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

(Rs. in millions)

Sr. No.	Company Name	March, 2024	March, 2023
1	IRB MP Expressway Pvt Limited#	1,482	1,215
2	IRB Ahmedabad Vadodara Super Express Tollway Private Limited#	628	554
3	CG Tollway Limited^	325	316
4	Udaipur Tollway Limited^	265	222
5	Palsit Dankuni Tollway Private Limited^	164	171
6	AE Tollway Limited^	218	196
7	Yedeshi Aurangabad Tollway Limited^	188	232
8	IRB Hapur Moradabad Tollway Limited^	253	233
9	Kaithal Tollway Limited^	116	124
10	Kishangarh Gulabpura Tollway Limited^	205	210
11	IRB Westcoast Tollway Limited^	115	111
12	Solapur Yedeshi Tollway Limited^	97	116
13	IRB Golconda Expressway Private Limited*^	631	-
14	Samakhiyali Tollway Private Limited**^	122	-
		4,809	3,700

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 commenced from August 12, 2023.

**The Project SPV has received the Appointed Date from NHAI & Toll Collection commenced from December 28, 2023.

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Press Release

IRB Infra and the IRB Infrastructure Trust (an Associate of Company) report aggregate Y-o-Y Toll Revenue growth of 30% in March 2024

• March 2024 Toll Revenue is Rs. 4,809 Mn against Rs.3,700 Mn in March 2023

• Toll collection growth for Assets under IRB Infrastructure Trust is approx. 40%

• Expect strong FY25 in view of addition of two new TOT assets in portfolio

Mumbai, April 8, 2024: The aggregate toll collection of IRB Infrastructure Developers Limited, India’s leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its associate IRB Infrastructure Trust, India’s largest Infrastructure Investment Trust, have registered aggregate Y-o-Y toll revenue growth of 30 % in the month of March 2024.

Both the entities have reported aggregate toll collection of Rs. 4,809 Mn for the month under review, i.e., March 2024, against Rs. 3,700 Mn in March 2023. The assets under Private InvIT, i.e., IRB Infrastructure Trust have registered toll collection rise around 40% Y-o-Y.

Commenting on this, Shri Amitabh Murarka, Dy. CEO, IRB Infrastructure Developers Limited said, “We are ending Financial Year 2024 with a sharp Y-o-Y growth of 30% in toll collection during March 24.” He further said, “With addition of two new revenue generating TOT assets in the portfolio, we foresee robust FY25.”

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

Sr. No	Company Name	March 2024 (Rs. in Mn)	March 2023 (Rs. in Mn)
	**Operational days **	31	31
1	IRB MP Expressway Pvt Limited (Mumbai Pune Expressway & Old Mumbai Pune Highway NH4)	1,482	1,215
2	IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited (Ahmedabad Vadodara Expressway NE1 and Highway NH48)	628	554
3	CG Tollway Limited (Chittorgarh to Gulabpura NH79)	325	316
4	Udaipur Tollway Limited (Udaipur to Shamlaji NH48)	265	222
5	Palsit Dankuni Tollway Private Limited (Palsit to Dankuni NH19)	164	171
6	AE Tollway Limited (Agra to Etawah NH19)	218	196
7	Yedeshi Aurangabad Tollway Limited (Yedeshi to Aurangabad NH211)	188	232
8	IRB Hapur Moradabad Tollway Limited (Hapur to Moradabad NH 9)	253	233

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Press Release

9	Kaithal Tollway Limited (Kaithal to Rajasthan Border NH152/65)	116	124
10	Kishangarh Gulabpura Tollway Limited (Kishangarh to Gulabpura NH79A & NH79)	205	210
11	IRB Westcoast Tollway Limited (Karwar to Kundapura NH66)	115	111
12	Solapur Yedeshi Tollway Limited (Solapur to Yedeshi NH211)	97	116
13	IRB Golconda Expressway Private Limited (Hyderabad Outer Roing Road)	631	-
14	Samakhiyali Tollway Private Limited (Samakhiyali to Santalpur NH27)	122	-
	Total	4,809	3,700

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 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 25 years in India. The group commands a market share of around 38% in the TOT space; it also comprises 12% share in the 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:

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

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

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