IRB Infra executes Project Implementation Agreement for TOT-17 Project
IRB · price
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IRB Infrastructure Developers has executed the Project Implementation Agreement with IRBHCPL, a wholly owned SPV of IRB Infrastructure Trust, for the TOT-17 highway project. IRB will act as Project Manager for implementing the project. Shareholders had approved this related party transaction at an EGM on January 13, 2026. TOT-17 is a Toll-Operate-Transfer highway project under NHAI's monetization program. No contract value was disclosed.
Formalizes IRB's role as Project Manager for TOT-17, enabling implementation and project management fees. Positive for operational visibility.