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IRB Infrastructure shares in focus as arm bags ₹9,270 crore NHAI projectIRB Infrastructure Trust will pay a bid-concession fee of ₹9,270 crore to NHAI and will operate tolling, operations and maintenance (O&M) for a 20-year concession period.By CNBCTV18.com November 15, 2025, 10:40:51 AM IST (Published)2 Min ReadShares of IRB Infrastructure Developers Ltd. will be in focus on Monday, November 17, after IRB Infrastructure Trust, the private InvIT sponsored by the company, emerged as the selected bidder and received a Letter of Award (LoA) from NHAI for the TOT-17 bundle.

The project covers a 366.096-km stretch comprising the Lucknow-Ayodhya-Gorakhpur section of NH-27 (km 15.400 to km 137.970 and km 136.759 to km 252.860) and the Lucknow-Sultanpur section of NH-731 (km 90.370 to km 217.795) in Uttar Pradesh.

The Trust will pay an upfront bid-concession fee of ₹9,270 crore to NHAI and will operate tolling, operations and maintenance (O&M) for a 20-year concession period.

Tariff revision is set at a fixed 3% annually plus 40% of the Wholesale Price Index (WPI).

With this award, the Trust's asset portfolio is set to increase by about 20% to ₹65,000 crore. IRB Infrastructure Developers will act as project manager for the project.

Chairman and Managing Director Virendra D Mhaiskar called the win "pivotal" given the corridor's importance for religious tourism, adding that it places the platform at a "42% market share in the TOT space".

He said it "underscores the growing confidence of long-term private capital in India's national highway monetisation framework".

Shares of IRB Infrastructure closed 1.53% higher on Friday at ₹43. The stock is down 28% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIRB InfrastructureIRB Infrastructure DevelopersIRB Infrastructure Developers Ltd IRB