IRB Infrastructure Trust wins TOT-18 highway project in Odisha

Business Updates View source PDF Explain this filing

IRB · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹21.00

prior close

₹21.32

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+1.4% vs market

Civil Construction peers, median of 97sector+0.2%+1.6% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.1

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.4+1.4+0.2+1.6

Next day

+1.1+0.5+0.7-0.0+1.2

+0.8+0.3+0.5-0.5+1.3

-1.0-0.2-0.7-1.7+0.7

+0.6-0.4+1.0-1.7+2.3

+0.1+0.7-0.6-1.3+1.4

+2.0+1.4+0.7+0.1+1.9

15d

-0.7-1.7+1.0-6.3+5.7

-5.6-7.6+1.9-12.2+6.5

-4.2-3.2-1.0-11.1+6.8

-4.7-14.1+9.4-23.9+19.3

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IRB Infrastructure Trust (associate of IRB Infrastructure Developers) is preferred bidder for NHAI TOT-18 project. Scope is Tolling, Operation, Maintenance and Transfer of 74.5 km Chandikhole-Bhadrak section of NH-16 in Odisha for 20 years. Upfront concession fee of Rs 3,087 Crores to be paid to NHAI. Order book rises by about Rs 1,600 Crores. This is IRB Group's 6th TOT win, lifting TOT market share to about 44 percent and footprint to 13 Indian states.

Likely market impact

New TOT win lifts IRB Group TOT market share to about 44 percent and adds to order book. Positive for long-term toll revenue visibility.