IRB Infrastructure Trust Starts Toll Collection on Rs 3,087 Crore TOT-18 Highway Project

IRB Infrastructure Developers Limited ( (IN:IRB) ) has issued an update.

IRB Infrastructure Trust, an associate of IRB Infrastructure Developers Limited, has provided an update on its investment in the TOT-18 Project, covering the Chandikhole–Bhadrak section of National Highway 16 in Odisha. The project is implemented through the special purpose vehicle IRB Chandibhadra Tollway Private Limited under a Tolling, Operation, Maintenance and Transfer framework.

The Trust has achieved financial and contractual closing for the TOT-18 Project and the SPV has paid an upfront concession fee of Rs 3,087 crore to the competent authority. With April 1, 2026 designated as the appointed date, toll collection on this highway stretch has formally commenced, marking the start of revenue generation from the asset and reinforcing IRB’s position in India’s toll road and infrastructure monetisation market.

More about IRB Infrastructure Developers Limited

IRB Infrastructure Developers Limited operates in India’s road infrastructure sector, focusing on the development, tolling, operation, and maintenance of national and state highways through concession-based models. The company also participates in infrastructure investment trusts and project-specific special purpose vehicles to manage and monetize long-term road assets.

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