Overview
- IRB Infrastructure Trust received the Letter of Award for the TOT‑17 bundle covering 366 km on NH‑27 and NH‑731 across the Lucknow–Ayodhya, Ayodhya–Gorakhpur and Lucknow–Sultanpur stretches.
- The concession carries a 20‑year revenue‑linked term with an upfront payment of Rs 9,270 crore to NHAI.
- IRB said the deal will materially lift toll revenues, take group assets beyond Rs 90,000 crore and expand the O&M order book by about 20%.
- Chairman Virendra D. Mhaiskar said the platform now commands a 42% share of the TOT segment, accelerating progress toward a Rs 1 lakh crore portfolio.
- Ahead of the LoA news, IRB reported a 41% rise in Q2 net profit to Rs 141 crore, declared a second interim dividend of Re 0.07 per share for FY26 with a November 18 record date, and its shares closed 1.32% higher at Rs 42.91 on the BSE.