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Key Quantitative Figures
- May 2026 Gross Toll Collection: ₹8,427 million (₹843 crores)
- May 2025 Gross Toll Collection: ₹6,725 million (₹672 crores)
- Year-on-Year Growth: 25% increase
- Number of Projects: 28 highway assets across 13 Indian states
- Total Portfolio Value: Approximately ₹940 billion
- Daily Vehicle Crossings: Approximately 1.5 million vehicles
Project-Wise Toll Revenue Breakdown (₹ millions)
Wholly-owned Subsidiaries:
- IRB MP Expressway Pvt Limited: ₹1,762 (May 2025: ₹1,595)
- IRB Ahmedabad Vadodara Super Express Tollway Private Limited: ₹838 (May 2025: ₹687)
IRB Infrastructure Trust (Private InvIT) Projects:
- CG Tollway Limited: ₹354 (May 2025: ₹338)
- Udaipur Tollway Limited: ₹301 (May 2025: ₹283)
- Palsit Dankuni Tollway Private Limited: ₹220 (May 2025: ₹167)
- AE Tollway Limited: ₹244 (May 2025: ₹229)
- Yedeshi Aurangabad Tollway Limited: ₹260 (May 2025: ₹222)
- IRB Westcoast Tollway Limited: ₹153 (May 2025: ₹133)
- Solapur Yedeshi Tollway Limited: ₹143 (May 2025: ₹121)
- IRB Golconda Expressway Private Limited: ₹826 (May 2025: ₹730)
- Samakhiyali Tollway Private Limited: ₹113 (May 2025: ₹127)
- IRB Lalitpur Tollway Private Limited: ₹440 (May 2025: ₹375)
- IRB Kota Tollway Private Limited: ₹68 (May 2025: ₹59)
- IRB Gwalior Tollway Private Limited: ₹129 (May 2025: ₹114)
Newly Operational Projects (2026 Commencement):
- IRB Harihara Corridors Private Limited: ₹615 (commenced January 23, 2026)
- IRB Chandibhadra Tollway Limited: ₹241 (commenced April 1, 2026)
- Meerut Budaun Expressway Private Limited: ₹64 (commenced May 17, 2026)
IRB InvIT Fund (Public InvIT) Projects:
- IRB Tumkur Chitradurga Tollway Limited: ₹392 (May 2025: ₹377)
- IRB Pathankot Amritsar Toll Road Limited: ₹157 (May 2025: ₹129)
- IRB Jaipur Deoli Tollway Limited: ₹186 (May 2025: ₹166)
- M.V.R. Infrastructure & Tollways Limited: ₹163 (May 2025: ₹156)
- IRB Talegaon Amaravati Tollway Limited: ₹87 (May 2025: ₹85)
- IRB Hapur Moradabad Tollway Limited: ₹316 (May 2025: ₹297)
- Kaithal Tollway Limited: ₹122 (May 2025: ₹116)
- Kishangarh Gulabpura Tollway Limited: ₹233 (May 2025: ₹219)
Management Commentary
Shri Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, stated: "The robust toll revenue growth in May 2026 reflects continued traffic growth across our all projects arising out of the strong economy despite rising inflation due to the ongoing geo-political unrest, and support from tolling commencement on newly operational assets. We remain confident of sustaining the growth momentum in coming months."
Corporate Background
IRB Group is India's largest integrated infrastructure assets platform in the roads and highways sector with:
- 28 revenue-generating highway assets
- Weighted average residual concession life of approximately 21 years
- Portfolio expansion target to approximately ₹1,400 billion by FY2029
InvIT Structure Details:
IRB Infrastructure Trust (Private InvIT):
- 14 highway assets, 10,674 lane kms
- Enterprise Value: approximately ₹66,000 crores
- Listed on NSE under ticker "IRBIT"
IRB InvIT Fund (Public InvIT):
- 10 highway assets (8 BOT + 2 HAM), 4,445 lane kms
- Enterprise Value: approximately ₹17,600 crores
- Listed on NSE & BSE under tickers "IRBN" and "IRBINVIT"