Shares of IRB Infrastructure Ltd rallied 4% on 10 December after the company announced a spike in toll collections for November.

IRB Infrastructure Trust (Private InvIT) and IRB Infra reported a robust 23% year-over-year increase in toll collection for November 2024. Compared to the same month last year, when it was Rs 437 crore, the total toll collection for the month under review is Rs 536 crore.

Amitabh Murarka, the deputy CEO, said, “The monthly toll collection has demonstrated impressive growth. Looking ahead, we anticipate this upward trajectory to continue, driven by the year-end festive and holiday season, which typically boosts travel and economic activity. With improving economic indicators, we remain optimistic that strong toll collections will sustain in the coming month.”

IRB is the biggest private toll road and highway infrastructure developer in India, with assets totalling about Rs 80,000 crore spread across 12 States between the main company and two InvITs.

The corporation has constructed, tolled, run, and maintained around 18,500 lane kilometres across India in its 25-year history, of which 15,500 are now in use.

In the Toll Operate Transfer (TOT) industry, the organization holds about 34% market share. Additionally, it accounts for 12% of India’s North-South highway connectivity.

However, at 1:10 pm, the shares of IRB Infra shed all their early gains and were trading 0.67% lower at Rs 59 on NSE.

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