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IRB Infrastructure Developers Limited ( (IN:IRB) ) has provided an update.
IRB Infrastructure Developers Limited’s board and audit committee have approved entering into material related-party contracts under which the company will act as project manager to IRB Infrastructure Trust, a private InvIT, for the TOT-17 highway project executed through IRB Harihara Corridors Private Limited. The mandate covers initial upgradation, operations and maintenance, and project implementation for the Lucknow–Ayodhya–Gorakhpur and Lucknow–Sultanpur highway corridors over a 20-year revenue-linked concession period, with an estimated contract value of up to Rs 6,785 crore including GST, and is positioned as an arm’s-length, ordinary-course engagement subject to shareholder and regulatory approvals; the company will seek member approval for these material related-party transactions at an Extraordinary General Meeting convened for 13 January 2026, underscoring the project’s scale and governance significance for stakeholders.
More about IRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited is an Indian infrastructure company focused on the development, operation and maintenance of road and highway projects, including toll-operate-transfer (TOT) concessions, often implemented via special purpose vehicles and infrastructure investment trusts (InvITs).
Average Trading Volume: 1,347,863
Technical Sentiment Signal: Hold
Current Market Cap: 248B INR
See more data about IRB stock on TipRanks’ Stock Analysis page.