IRB Infrastructure Trust Wins NH-16 Project With Rs 30.87 Billion Concession Payment

IRB Infrastructure Trust, backed by IRB Infrastructure Developers Ltd, has secured a major win by emerging as the preferred bidder for the NH-16 highway project in Odisha. The trust will pay Rs 30.87 billion to NHAI for a 20-year concession, marking one of the largest recent infrastructure deals in the sector. The project is expected to enhance connectivity and support economic growth in eastern India.  

Key highlights from the announcement include  

• IRB Infrastructure Trust will pay Rs 30.87 billion to NHAI for the concession.  
• The concession period spans 20 years, ensuring long-term revenue visibility.  
• The project involves development and maintenance of NH-16 in Odisha, a critical transport corridor.  
• IRB Infrastructure Trust has expanded its portfolio to 39 projects across India.  
• The deal reflects investor confidence in India’s highway monetization program.  
• Industry experts view the project as a boost to regional connectivity and logistics efficiency.  
• The trust continues to strengthen its position as one of India’s largest private road developers.  

This development underscores IRB Infrastructure Trust’s role in advancing India’s highway infrastructure, while reinforcing NHAI’s asset monetization strategy.  

Sources: Economic Times Infrastructure, Business Standard, BSE Corporate Filings