Announced Wed, 29 Apr · 18:47 IST
Ganga Expressway Group 1 inaugurated; trial runs begin April 30
Business Updates View source PDF
IRB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹21.71
prior close
₹21.74
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-1.3-1.3-0.9+0.4-0.4+0.6-0.0-1.1-4.2+1.5+1.3-1.2—
Up moveDown movePending
AI summary
PM Modi inaugurated the 129.7 km six-lane Ganga Expressway Group 1 (Meerut to Budaun corridor) on April 29, 2026. The project SPV will start trial traffic runs on April 30, with tolling to begin soon. Project cost is Rs. 6,538 Cr, concession period 30 years (extendable to 36). With this, all projects in IRB Infrastructure Trust's portfolio are now revenue generating. IRB Group has invested ~Rs. 25,000 Cr across 5 UP highways, all operational.
Likely market impact
Positive — major greenfield asset starts tolling, unlocking long-tenure revenue; full Trust portfolio now revenue generating, supporting cash flows.